Here is Why ETH, WLFI, PYTH, and BONK Price are Down Today

03 Sep, 2025

Former SEO Writer

Expertise : Crypto News & Market Analysis, Content Strategy & SEO Writing

Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

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ETH, WLFI, PYTH and BONK token price chart stained red

Highlights

ETH price dips 2.3% today as the Ethereum Foundation plans to sell 10k tokens, adding to market pressure.
Trump-backed WLFI token tumbles, PYTH, and BONK also face sell-offs.
Crypto market shows a diversion in trend, affecting $242M crypto positions.

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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 Friday

Prepare 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.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Frequently Asked Questions (FAQs)

1. Why is the Ethereum Foundation selling 10k ETH?

The Ethereum Foundation is selling ETH for ecosystem development, grants, and philanthropic causes.

2. Why is WLFI failing to recover despite investor demand?

The token unlock fueled a large sell-off sentiment among investors, maintaining its downtrend.

3. How much of the crypto market has been lost in liquidation today?

The market saw $242M in liquidation, affecting $107.7k traders led by the wipeout of $43M long positions.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.