ETHGas shed 27 percent in a single day, joined by STONK and Zest Protocol in what turned into a Sunday crypto bloodbath. While Bitcoin barely moved at $64,900, altcoins on the market’s fringe once again demonstrated how quickly they can give back what they spent days accumulating.
ETHGas (GWEI) — -26.6%
What is ETHGas? A token that tracks and tokenizes gas costs on Ethereum. The idea is simple: instead of users paying hefty network fees in ETH, ETHGas offers tokenized access to gas costs with discounts and rewards for active users. The project grabbed attention this summer through aggressive marketing and stories about savings on transactions.
Why is it falling? After surging 54 percent on Thursday to become one of the day’s top winners, GWEI experienced a textbook reversal: profit-taking after a rapid run-up and a retreat of speculative capital. The 27 percent drop came on massive volume of $57.8 million — a sign of heavy selling, not just fading bids. At $0.0255, the price sits 90 percent below January’s ATH, underscoring how sensitive this token is to rapid sentiment shifts.
Financials: price $0.0255 (-26.6%), MCap $53.6M, 24h volume $57.8M, circulating supply 2.1B GWEI, ATH $0.247, ATL $0.0145.
STONK (STONK) — -29.5%
What is STONK? A meme token inspired by the famous internet character — the man triumphantly staring out a window. STONK belongs to the wave of meme coins that flooded smaller chains this summer, and the community quickly embraced it as a symbol of financial “winning” as a joke. Like most meme tokens, it has no classic product — it lives on culture, community, and volatility.
Why is it falling? Meme tokens are the most sensitive asset class in crypto: when attention shifts to newer stories, older memes lose value faster than they gained it. STONK dropped 29.5 percent on $4.9 million of volume and now trades 35 percent below its ATH of $0.0109. The decline was accelerated by liquidity flowing toward today’s winners such as Tutorial, which absorbed part of the meme spotlight.
Financials: price $0.0071 (-29.5%), MCap $6.8M, 24h volume $4.9M, circulating supply 952.6M STONK, ATH $0.0109, ATL $0.00175.
Zest Protocol (ZEST) — -20.0%
What is Zest Protocol? A DeFi platform built on Bitcoin that brings decentralized lending and borrowing to the largest crypto network. Users can deposit BTC to earn interest or use it as collateral — all without leaving the Bitcoin ecosystem. ZEST is one of the more ambitious attempts to turn Bitcoin from digital gold into a productive asset.
Why is it falling? Zest dropped 20 percent on $5.2 million of volume, coinciding with a broader pullback in the Bitcoin DeFi sector after weeks of above-average returns. Part of the pressure comes from profit-taking following the late-July surge, when the token rose over 40 percent. At $0.174, the price remains more than double its ATL but 50 percent below its ATH, making Zest a project with big potential — and big sensitivity to sentiment around the Bitcoin DeFi narrative.
Financials: price $0.174 (-20.0%), MCap $25.5M, 24h volume $5.2M, circulating supply 146M ZEST, ATH $0.347, ATL $0.0655.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Crypto assets are highly volatile and their value can fluctuate significantly.