Welcome to your new 24-hour crypto market wrap, capturing all major moves, headline news, and the rising stars on today’s radar, with a focus on fresh coin launches and sector trends.
🚦 Market Overview
- Market Sentiment: The global crypto market cap dropped to $3.69T, declining 1.86% over the last 24 hours amid continued high volatility, liquidation waves, and another round of macro-driven risk-off moves.
- Macro Themes: Ongoing fears around U.S. tariffs, Federal Reserve caution, and mid-summer trading volumes continue to drive price action, with traders rotating out of higher-beta altcoins.
₿ Bitcoin (BTC):
- Another sell-off, slipping to lows near $113,231 and last seen around $113,600–$114,100. Liquidations from leveraged longs intensified as risk-off flows gained pace.
- ETF flows slowed; institutional buyers mostly observed from the sidelines.
Ξ Ethereum (ETH):
- Underperformed, falling as much as 6% and currently range-bound around $3,650–$3,720. Large sell-offs by high-profile investors (notably Arthur Hayes’s $13.35M sale) weighed on sentiment.
- Over $262M in ETH liquidations as volatility spiked.
🟣 XRP:
- Slight pullback after yesterday’s jump, now around $3.10, as risk appetite faded post-ETF optimism.
🟡 Solana (SOL):
- Down another 5%, scraping new lows near $167 then stabilizing around $170–$172 on heavy selling.
🟠 Altcoins:
- Top 100 names broadly fell 4–9%, with only select DeFi and TradFi integration themes showing resilience. AI and meme coins saw wide chop with sporadic bounces.
🌟 Trending Coins & Buzz
🛰️ Bitcoin Hyper (HYPER):
- Fresh out of presale (ended July 31), HYPER draws attention for being a Bitcoin Layer 2 with Solana VM integration. Trading debut watched closely—seeing sharp interest in speed and DeFi potential.
- Presale allocated 21B tokens; Layer 2 bridging allows cheap, fast BTC swaps.
🐕 Maxi Doge (MAXI):
- Doge+leverage meme token in early presale stages. Wild social media “1000x leverage” theme surging. Expect volatility as influencers drive FOMO.
🪙 TOKEN6900 (T6900):
- Continues to dominate presale trackers. No official use case, but thriving on viral memes, influencer posts, and rumors of imminent CEX listings.
- Over $1M raised in presale.
🚀 OLAXBT (AIO):
- Launched today as a new anticipated listing, topping CoinMarketCap’s “most watched” launches and showing strong trader/influencer buzz.
🪙 Snorter Token (SNORT):
- Multi-chain, meme-utility token with rapid presale uptake. Strong appeal among bot trading enthusiasts and meme traders.
💳 AAVE, Toncoin, TRON:
- Withstand broader market pullback; surge in fees, DeFi use cases, and select network metrics attract contrarian attention.
💹 Bitcoin Swift (BSWIFT):
- Announced Stage 3 presale as of August 2, featuring AI-driven Proof-of-Yield—staking rewards and live APY (121%) fueling DeFi and staking discussions.
🚀🟢🔴 Top Gainers & Losers
Top Gainers
- Bitcoin Hyper (HYPER): Presale euphoria; mainnet DeFi narrative draws both traders and developers.
- Maxi Doge (MAXI): Social FOMO, viral leverage memes drive price action.
- OLAXBT (AIO): Inspirational debut, mass watchlist adds fuel price discovery.
- TOKEN6900 (T6900): Meme frenzy and presale momentum.
- AAVE, Toncoin, TRON: Perform strongly despite the market dip, thanks to DeFi and network activity.
Top Losers
- Bitcoin (BTC), Ethereum (ETH), Solana (SOL): Down by 2–6% on the day, leading the broader market pullback.
- Pi Network Token (PI): Plunged over 86% from ATH amid oversupply and few listings.
- Other Meme Coins: Natural retracement; less-hyped names corrected sharply as fast profit-taking set in.
📰 Key Breaking News & Events
- Bitcoin Hyper presale ended, causing a launch day buzz in Layer 2 conversations.
- Bitcoin Swift released stage 3 with AI staking and 121% live APY.
- OLAXBT began trading, instantly climbing watchlists as the most anticipated new launch.
- Gate US launched, expanding major spot trading options in the U.S.—watch for user adoption.
- Over $800M in major liquidations swept the market, especially from over-leveraged ETH and BTC positions.
- DeFi development and TradFi collaborations took focus: AAVE saw network activity surge even as price dropped; Wall Street’s embrace of on-chain funds continues to make headlines.
⏰ What’s Next (August 3, 2025)
- Stay nimble: Watch for volatility in HYPER (mainnet price discovery), MAXI/OLAXBT (meme rallies), and sudden retracements in overheated meme projects.
- Monitor DeFi-Integrating Alts: AAVE, Toncoin, and tradable DeFi assets show real network activity despite the correction.
- Presale/Buzz Calendar: Maxi Doge, Token6900, Snorter Token remain hot presale names.
- Watch TradFi x DeFi Collaboration: BlackRock’s ETF flows, AAVE upgrades, and new Wall St/DeFi partnership news could shape sector momentum.
- Indian Market: Track #CryptoIndia, CoinMarketCap new listing calendars, and Twitter/X for homegrown project launches and regulatory news.
- Institutional Caution: With a pause in ETF inflows and heightened U.S. political risks, macro headlines could still deliver surprise moves short-term.
🏁 Conclusion
The crypto market on August 2, 2025, was marked by deep retracements, a heavy wave of liquidations, and selective rallies in new launches and DeFi-aligned projects. Layer 2 launches (HYPER), AI staking innovations (Bitcoin Swift), and meme coin volatility offered active traders both risk and reward. DeFi’s integration with TradFi continues to drive sector narratives amid an otherwise risk-off tone. Retail traders should remain agile, focus on emerging trends, and watch for rapid rotations—with India’s market and influencer buzz especially relevant for fresh opportunities.