The crypto market closed August with sharp price swings and record liquidations, exhibiting mixed signals. Bitcoin struggled to hold the $108,000 level amid macroeconomic uncertainties and whale-driven selling. The overall market cap slipped to $3.82 trillion, with various sectors experiencing losses. Noteworthy events included the public listing of the World Liberty Financial (WLFI) token and growing institutional demand for spot Ethereum ETFs.
Crypto Market Overview
BTC (+0.19% | Current Price: $108,988.55)
Bitcoin dropped below $108,000 on September 1st before finding temporary support, with its current price around $108,988.55. Analysts attribute turbulence to factors like whale activity, waning spot ETF inflows, and broader market weakness on Wall Street due to the Labor Day holiday. A bearish divergence noted on the Relative Strength Index (RSI) suggests potential selling pressure. Despite the short-term downturn, on-chain data shows some whale profit-taking, and institutional adoption remains a long-term driver for Bitcoin's value.
ETH (-0.62% | Current Price: $4,444.07)
Ethereum fell below $4,400 during the session, trading around $4,444.07. This dip followed a record high earlier in August and was partially triggered by large-scale
whale sales and withdrawals from staking. Despite the recent volatility, institutional interest in Ethereum remains strong, with spot Ethereum ETFs attracting $1.08 billion in net inflows from August 25 to 29, outperforming Bitcoin ETF inflows during the same period.
Altcoins
The market showed mixed signals, with the Fear & Greed Index staying neutral. Sector indices for NFTs, AI, and RWA declined by over 3%. The GameFi sector plunged 5.93% after a significant crash in the Four (FORM) token, sparked by whale sell-offs. However, some altcoins like POL (+5.5%), BUILDon (+4.6%), and Monero (+4%) managed to post gains. Solana dipped under $200, but its governance proposal "Alpenglow" was overwhelmingly approved, seeking to significantly reduce block finality time.
Macro Data
Global economic factors and Federal Reserve policies, including the Q2 GDP surprise to the upside, have contributed to short-term crypto price volatility. The market's caution on September 1st was amplified by Wall Street's closure for the Labor Day holiday. Investor focus remains on upcoming U.S. inflation data, particularly the Personal Consumption Expenditure (PCE) report. The S&P 500 dropped 0.64%, standing at 6,460.26, the Dow Jones Industrial Average increased fell 0.20% to 45,544.88, and the Nasdaq lost 1.15% to 21,455.55. As of 8:00 AM (UTC), spot gold was valued at $3,475 per ounce, reflecting an increase of 0.87% over the past 24 hours.
Trending Tokens
TRUMP OFFICIAL TRUMP (+9.61%, Circulating Market Cap: $1.83 Billion)
TRUMP is trading at $9.19, up approximately 9.61% in the past 24 hours. $TRUMP are now freely tradeable on the blockchain. On July 13, 2024, President Trump faced death and came up fighting! With his fist in the air and the iconic battle cry FIGHT FIGHT FIGHT, President Trump showed the world what a LEADER is made of. His strength and courage ignited a movement becoming the most memorable meme of the century. TRUMP reclaimed its 30-day SMA ($8.88) despite a $520M token unlock on July 18 that increased circulating supply by 25%. The price stabilized near the 61.8% Fibonacci retracement level ($8.88), a critical support zone. Absorption of sell pressure suggests accumulation by whales or ETF-linked entities. However, RSI (46.79) remains neutral, and MACD signals weak momentum (-0.0058), indicating fragility.
LRC Loopring (+8.94%, Circulating Market Cap: $136.65 Million)
LRC is trading at $0.09995, with a 24-hour increase of approximately 8.94%. LRC is the Ethereum-based cryptocurrency token of Loopring, an open protocol designed for the building of decentralized crypto exchanges.
In 2020, the average daily trading volume of the entire cryptocurrency market fluctuated in the approximate range of $50-$200 million. Most of that trading is conducted on centralized cryptocurrency exchanges — online platforms operated by private companies that store users’ funds and facilitate the matching of buy and sell orders. LRC broke above a multi-month falling wedge pattern, confirmed by a 73.29 RSI (7-day) and
MACD histogram turning positive (+0.00086901). The breakout aligns with Fibonacci retracement levels, targeting $0.108 (23.6% level) if sustained. Falling wedges often signal trend reversals after prolonged declines. The bullish MACD crossover and rising volume (24h volume up 2504% to $352M) suggest traders are positioning for upside. However, RSI14 at 64 nears overbought territory, raising short-term pullback risks.
ZRX 0x Protocol (+7.03%, Circulating Market Cap: $229 Million)
ZRX is trading at $0.2698, with a 24-hour increase of approximately 7.03%. 0x is an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets on many different blockchains (including
Ethereum) without relying on centralized intermediaries. It is a protocol for decentralized exchange. On 14 August 2025, Coinbase lost $300K due to a misconfigured 0x swapper contract, exploited by MEV bots. While exposing risks, the incident underscored 0x’s integration depth at major platforms. The exploit highlighted real-world usage of 0x’s infrastructure, countering bearish concerns about irrelevance. However, protocol security scrutiny may temporarily dampen sentiment.
Market Insights
Trump-Backed WLFI to Get Listed on Public Exchanges on Sept 1, Crypto Markets Brace for $483M Token Unlocks
The news about WLFI organizing for its token unlock and listing on public crypto exchanges tomorrow (September 1, 2025) is a huge achievement for WLFI investors and potential customers. The move is expected to pump in massive liquidity into the WLFI market as multiple digital asset investors will take advantage of accumulating tokens before the price shoots.
The highly-awaited launch marks a substantial development in the decentralized finance landscape. With the support of U.S President Trump and his family, WLFI has attracted enthusiasm for its growth potential and market impact. According to the analyst’s report, 20% of WLFI’s total circulating supply ($483 million tokens) will be unlocked in the public market. The token unlock event will make WLFI tokens available on prominent centralized exchanges, including Binance, ByBit, OKX, Coinbase, and many others. The launch is anticipated to attract massive institutional interest, with some analysts predicting that enormous token accumulation will propel WLFI to reach the $1 mark, making it one of the top-performing crypto assets in the broader market. As the data of the token launch nears, crypto market participants will be keen to see if WLFI offers growth returns to asset holders and solidifies its position as a significant participant in the decentralized finance sector.
ETH Price Drops Despite $4B Inflows Into Spot ETFs in August
In August, spot Ethereum ETFs recorded strong investor activity. ETF inflows totaled over $4 billion this month alone. This increased the total net assets across ETH ETFs to $29.51 billion.
Daily inflows on August 29 stood at $39.16 million, a significant figure showing sustained accumulation. Earlier this month, BlackRock purchased $300 million worth of ETH. This move signaled strong institutional interest in Ethereum.
“ETF inflows show a sharp rebound after earlier periods of weaker activity,” a market analyst said. From January to June, monthly ETF inflows ranged from $1 billion to $2 billion. August’s spike in inflows suggests growing institutional confidence in Ethereum’s prospects.
Bonk.fun Partners with WLFI to Become the Official Launchpad Platform for USD1 on Solana
The USD1 stablecoin has officially gone live on Solana. The project had been touted as the blockchain where “capital markets finally move at internet speed.” This comes after World Liberty Financial minted 100 million USD1 tokens on the network, underscoring the scale of the launch.
Additionally, Bonk.fun announced it will serve as the official launchpad for stablecoin, supporting the onboarding of new users. World Liberty also plans Integrations with Raydium, Kamino Finance, and other DeFi protocols. The platform already teased future app releases that will tie its stablecoin directly into Solana’s fast-growing ecosystem.
Source: BONK.fun X account
Reference:
CoinCatch Team
Disclaimer:
Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.