Daily Degen
September 6, 2025

PYTH Soars, FLUID Drops: A Volatile Week in Crypto

Another week, another plot twist in the crypto rollercoaster. While major coins remained relatively stable, the action was in the altcoins—where new narratives, social sentiment, and trading behaviors made for a high-volatility showcase. From PYTH’s data-driven climb to FLUID’s unexpected bellyflop, let’s unpack what actually mattered this week.

Altcoin volatility defined the week. PYTH’s 13% surge signals renewed confidence in oracle solutions, while FLUID dropped over 4% as social sentiment turned bearish. WLFI, ENA, and KTA also saw notable upticks. Twitter chatter influenced volume, and mid-cap gains suggest momentum rotations are underway. Cross-L2 movement and MEV avoidance dominate developer talk.

Movers and Shakers

Today's Top Gainers:
Top 7-Day Gainers:
M (17.16%), PYTH (13.00%), WLFI (11.05%), ENA (9.483%), KTA (8.446%)
Today's Top Losers:
Top 7-Day Losers:
FLUID (-4.43%), KAS (-4.38%), REKT (-4.37%), SUN (-3.95%), HNT (-3.43%)

This Week in Crypto: The Market Dances to New Beats

The crypto charts once again read like poetry for the brave and heartbreak for the hasty. Digital assets flirted dangerously with resistance levels even as macro winds remained steady. In other words: welcome to just another week in crypto.

Let’s talk winners. PYTH took the spotlight with a 13.00% surge, not just padding bags but making a broader statement about the rising relevance of decentralized oracles. Equally impressive were WLFI (+11.05%) and ENA (+9.48%), two mid-cap heroes that rode bullish tailwinds off Twitter buzz and solid protocol updates.

On the losing side, FLUID’s unexpected -4.43% slump caught many traders off guard. Rumors of technical hiccups on their mainnet pushed sentiment downward. Meanwhile, privacy token KAS shed -4.38% and REKT lived up to its name with a -4.37% drawdown.

PYTH Breaks Out with Data Confidence

PYTH’s rise is more than just green candles—it reflects faith in its role as a battle-tested oracle solution. On Twitter, developers praised PYTH’s launch of extended real-time synthetics indices, a move that lets DeFi platforms feed on reliable off-chain data. That kind of narrative strength matters, and clearly markets agreed.

Its 13% gain wasn’t just speculative churn—it had legs. Trading volume on DEXs spiked 43% over 24 hours, with previously dormant wallets getting active, suggesting whales woke up to load up.

What’s Up with M and Its 17% Breakout?

The biggest gainer this week, M, shot up 17.16% with little mainstream coverage, but savvy traders spotted a coordinated volume swell on Korean exchanges during off-peak Western hours. That points to an organized regional rotation move—often a precursor to listings, rebrands, or ecosystem bonuses.

Some users on Twitter speculated that early governance proposals could lead to lucrative staking incentives. While that’s unconfirmed, smart money tends not to chase smoke unless they smell fire.

Meanwhile, Poor FLUID Just Couldn't Stay Afloat

FLUID’s -4.43% wasn’t simply about price but sentiment. Lagging L2 adoption metrics and a cheeky on-chain parody post titled “FLUIDity or Not?” (now viral on CryptoTwitter) poked holes in FLUID’s current TVL sustainability. In this market, memes are where market cap meets social cache. And this week, it cost them.

In contrast, HNT’s decline of -3.43% was more muted but still part of a broader downtrend after validator rewards were slashed in a recent governance vote.

WLFI and ENA Rise with Retail Momentum

Mid-cap risers often tell the story of irrational exuberance—or untapped momentum. WLFI (+11.05%) benefited from a shout-out by a prominent Singapore-based VC who tweeted optimism over its zk-rollup integration. ENA got a boost from rumors (again, unconfirmed, but widely believed on CT) that Coinbase could soon double its liquidity allocations.

That rumor alone was worth nearly 10% in gains. Call it speculative symbiosis at its finest; markets love a good story, especially when it rhymes with liquidity.

Chatter Fueling the Charts

Twitter this week was a grab bag of entertainment and insight. Threads breaking down cross-L2 arbitrage strategies sparked new interest in token bridges, notably influencing cross-chain projects like KTA (+8.45%). In fact, KTA saw a 60% surge in unique wallets interacting with its bridges—correlating nicely with its weekly pump.

Another consistent topic: MEV mitigation. While not new, the chatter grew louder with major bots adjusting strategies across L2 pools, suggesting that alpha is evaporating from traditional sandwich attacks. Expect this to trigger new volatility windows that benefit fast-on-the-draw algo traps.

Looking Ahead

The week ahead looks to test the breakout strength of PYTH and M, while eyes remain on whether FLUID can get its groove back or sink deeper. Meanwhile, market makers like us see juicy inefficiencies on cross-chain order books—especially in WLFI/USDT pairings on low-liquidity venues.

In an increasingly fragmented liquidity environment, the sharpest traders look beyond charts—and toward behavior. It’s not always about TA or FA anymore. It’s behavioral alpha season.

This Week in Crypto: The Market Dances to New Beats

The crypto charts once again read like poetry for the brave and heartbreak for the hasty. Digital assets flirted dangerously with resistance levels even as macro winds remained steady. In other words: welcome to just another week in crypto.

Let’s talk winners. PYTH took the spotlight with a 13.00% surge, not just padding bags but making a broader statement about the rising relevance of decentralized oracles. Equally impressive were WLFI (+11.05%) and ENA (+9.48%), two mid-cap heroes that rode bullish tailwinds off Twitter buzz and solid protocol updates.

On the losing side, FLUID’s unexpected -4.43% slump caught many traders off guard. Rumors of technical hiccups on their mainnet pushed sentiment downward. Meanwhile, privacy token KAS shed -4.38% and REKT lived up to its name with a -4.37% drawdown.

PYTH Breaks Out with Data Confidence

PYTH’s rise is more than just green candles—it reflects faith in its role as a battle-tested oracle solution. On Twitter, developers praised PYTH’s launch of extended real-time synthetics indices, a move that lets DeFi platforms feed on reliable off-chain data. That kind of narrative strength matters, and clearly markets agreed.

Its 13% gain wasn’t just speculative churn—it had legs. Trading volume on DEXs spiked 43% over 24 hours, with previously dormant wallets getting active, suggesting whales woke up to load up.

What’s Up with M and Its 17% Breakout?

The biggest gainer this week, M, shot up 17.16% with little mainstream coverage, but savvy traders spotted a coordinated volume swell on Korean exchanges during off-peak Western hours. That points to an organized regional rotation move—often a precursor to listings, rebrands, or ecosystem bonuses.

Some users on Twitter speculated that early governance proposals could lead to lucrative staking incentives. While that’s unconfirmed, smart money tends not to chase smoke unless they smell fire.

Meanwhile, Poor FLUID Just Couldn't Stay Afloat

FLUID’s -4.43% wasn’t simply about price but sentiment. Lagging L2 adoption metrics and a cheeky on-chain parody post titled “FLUIDity or Not?” (now viral on CryptoTwitter) poked holes in FLUID’s current TVL sustainability. In this market, memes are where market cap meets social cache. And this week, it cost them.

In contrast, HNT’s decline of -3.43% was more muted but still part of a broader downtrend after validator rewards were slashed in a recent governance vote.

WLFI and ENA Rise with Retail Momentum

Mid-cap risers often tell the story of irrational exuberance—or untapped momentum. WLFI (+11.05%) benefited from a shout-out by a prominent Singapore-based VC who tweeted optimism over its zk-rollup integration. ENA got a boost from rumors (again, unconfirmed, but widely believed on CT) that Coinbase could soon double its liquidity allocations.

That rumor alone was worth nearly 10% in gains. Call it speculative symbiosis at its finest; markets love a good story, especially when it rhymes with liquidity.

Chatter Fueling the Charts

Twitter this week was a grab bag of entertainment and insight. Threads breaking down cross-L2 arbitrage strategies sparked new interest in token bridges, notably influencing cross-chain projects like KTA (+8.45%). In fact, KTA saw a 60% surge in unique wallets interacting with its bridges—correlating nicely with its weekly pump.

Another consistent topic: MEV mitigation. While not new, the chatter grew louder with major bots adjusting strategies across L2 pools, suggesting that alpha is evaporating from traditional sandwich attacks. Expect this to trigger new volatility windows that benefit fast-on-the-draw algo traps.

Looking Ahead

The week ahead looks to test the breakout strength of PYTH and M, while eyes remain on whether FLUID can get its groove back or sink deeper. Meanwhile, market makers like us see juicy inefficiencies on cross-chain order books—especially in WLFI/USDT pairings on low-liquidity venues.

In an increasingly fragmented liquidity environment, the sharpest traders look beyond charts—and toward behavior. It’s not always about TA or FA anymore. It’s behavioral alpha season.

Newsworthy

PYTH’s performance this week is more than just a price gain—it's the result of tangible protocol upgrades and favorable sentiment among dApp builders. If its usage metrics continue to climb, this could be a multi-week runner.

Pro-Tip:

Watch cross-chain tokens like KTA and ENA; they’re riding real volume and narrative tailwinds. Pairing social listening with on-chain data gives you the edge in spotting these mid-cap movers before the masses.

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Disclaimer: The content of this article is for general market education and commentary and is not intended to serve as financial, investment, or any other type of advice.

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