After facing significant volatility in August, investors have been expecting a different outcome this month, but the price performance of ETH, WLFI, and other altcoins tells a different story. Although the crash isn’t severe, it signals rising volatility in the space ahead of the FOMC Meeting and more.
ETH, WLFI, PYTH, and BONK Price Crash Today
Although the fear and greed index shows neutral investor sentiment, many cryptos are facing significant downward pressure today. Ethereum (ETH), the second biggest cryptocurrency, has again plummeted from its near-ATH mark, marking a 2.3% price dip today and 6.2% over the week.
Currently, ETH trades at $4.3k with a $519B market cap. Notably, this dip formed as the Ethereum Foundation deposited 10k ETH ($42.7M) to Kraken to sell. Moreover, the whale sell-off, investors’ shifting sentiments, and more played a role.
- Source: X, Ethereum Foundation
The same is true for others, including the World Liberty Financial token. Notably, despite Trump family support, WLFI price crashed 50% from prime, and 8% today. With the token unlocked, investors sold off, and more, pushed the token down to $0.2238 with $5.54B in market capitalization.
PythNetwork, which rose nearly 100% in a day, is also crashing now. Today, PYTH price fell 3.84% due to profit-taking and mixed technical signals. Notably, on the week frame, it’s still 37% up.
Lastly, Bonk meme coin is also showing volatility today, losing nearly 1% of its value due to whale profiting. On-chain experts note that a wallet linked to Galaxy Digital transferred 510B BONK to the exchange, building selling pressure.
Interestingly, apart from these reasons, there’s a general volatility in the market due to the release of many U.S. economic data this week. There’s a JOLTS report today, followed by the U.S. Jobless Claims tomorrow and Nonfarm Payrolls & Unemployment on Friday.
MACRO STORM INCOMING.
🇺🇸 JOLTS report Today
🇺🇸 Jobless Claims Tomorrow
🇺🇸 Nonfarm Payrolls & Unemployment FridayPrepare for Volatility! pic.twitter.com/Ph7odVm6R8
— Crypto Rover (@rovercrc) September 3, 2025
These data could impact the Fed’s interest rate decision, hence the volatility and price crashes.
Crypto Market Witness Divided Trends, Liquidation Hits $242M
The crypto heatmap shows divergent trends in the market, where many like Bitcoin, XRP, and others are moving up, whereas the price of ETH, WLFI, PYTH, and others is crashing. The dispersion is due to investors’ varying sentiments around a particular asset.
The top and utility-based tokens are performing better than others as the investors move to safe assets.
- Source: CoinMarketCap, Crypto Market Heatmap
Amid this shift, nearly $242M worth of crypto positions have been liquidated, 107.7k traders, per CoinGlass data. Notably, Ethereum long positions were mostly liquidated (~$43M), followed by Bitcoin ($21.73M) and more.
Frequently Asked Questions (FAQs)
The Ethereum Foundation is selling ETH for ecosystem development, grants, and philanthropic causes.
The token unlock fueled a large sell-off sentiment among investors, maintaining its downtrend.
The market saw $242M in liquidation, affecting $107.7k traders led by the wipeout of $43M long positions.
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Source: https://coingape.com/trending/here-is-why-eth-wlfi-pyth-and-bonk-price-are-down-today/