Bitcoin is experiencing moderate volatility with strong liquidity, while Ethereum has greater fluctuations. Short-term risks are rising, and cautious allocation for hedging is advised. Key points: The Solana ecosystem is actively speculating in the short term, with pump.fun, Meteora DBC, and Letsbonk taking the lead. WLFI surged over 32% before trading, with an 8-month valuation increase of 21 times and a relaunch tomorrow that will lead to a repricing. Whales are amplifying short-term volatility risks with three times leverage on long positions📈. Regarding Ethereum, exits from the PoS queue have decreased, while entries have increased. In August, on-chain DEX transactions exceeded $140.1 billion, indicating that liquidity and trading enthusiasm remain high🔄. Large fundraising (Four.meme CDL) and El Salvador's increased holdings provide support for the funding situation, but the big dump of Metaplanet and the significant rise in discussions about "buying the dip" indicate a divergence in market sentiment and potential downside risks⚠️. It is recommended to focus on the WLFI relaunch and repricing, the sustainability of DEX transactions, and leverage exposure, prioritizing risk management in the short term🎯. Overall: The market is exhibiting high volatility in the short term with divergent sentiment, where risk appetite is increasing while leverage and repricing risks need to be monitored.