Here is Why ETH, WLFI, PYTH, and BONK Price are Down Today
The post Here is Why ETH, WLFI, PYTH, and BONK Price are Down Today appeared on BitcoinEthereumNews.com.
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…
Filed under: News - @ September 3, 2025 8:29 am