The one-dimensional walk of a particle executing instantaneous jumps between the randomly distributed “atoms” at which it resides for a random time is considered. The random distances between the neighboring atoms and the time intervals between jumps are mutually independent. The asymptotic (t → ∞) behavior of this process is studied in connection with the problem of interpretation of the generalized fractional diffusion equation (FDE). It is shown that the interpretation of the FDE as the equation describing the walk (diffusion) in a fractal medium is incorrect in the model problem considered. The reason is that the FDE implies that the consecutive jumps (fractal walk) are independent, whereas they are correlated in the case under consideration: a particle leaving an atom in the direction opposite to the preceding direction traverses the same path until arriving at the atom.