On March 28, 2025, Bithumb announced a temporary increase in withdrawal limits for the Walrus (WAL) cryptocurrency, responding to significant changes in trading activity.
Bithumb Temporarily Adjusts WAL Withdrawal Policies
Bithumb has adjusted its withdrawal policies for Walrus (WAL) temporarily. This decision follows significant changes in WAL's trading activities and aligns with market stability efforts amid recent market performance fluctuations.
WAL Price Drops Amid Increased Trading
Walrus (WAL), traded on Sui Network, is experiencing a price of $0.51 amid significant trading activity. With a market cap of $632 million and a 24-hour volume of around $454 million, WAL has declined by over 22%, according to CoinMarketCap. Analysts suggest this decision could stabilize the market by controlling liquidity and exposure, hinting at potential regulatory consequences if volatility continues.
Withdrawal Limit Changes Reflect Market Strategy
Increases in withdrawal limits are often responses to market volatility. Historical patterns, such as Bitcoin's significant fluctuations, reflect similar strategies by Bithumb to manage risks and maintain exchange operability. An industry expert stated that "Bithumb's trade restrictions for WAL indicate a commitment to market stability." Strategic adjustments in withdrawal limitations often lead to market stability and confidence.
Bithumb's decision to temporarily adjust WAL withdrawal limits reflects its commitment to market stability amid market fluctuations. This step demonstrates strategic adaptation to volatile market conditions and aims to mitigate user risks.
