Ethereum plunged plunged from $319 to $0.10 on the GDAX exchange during a "flash" crash on Wednesday which is believed to be created by a “multimillion dollar market sell” order.
Was this directly caused Status ICO at the same time?
According to Hedge Zero, they believe so.
Teething Pains for Ethereum
If anything, this goes to show the market that although Ethereum is a darling in the eyes of many - it's still not a proven cryptocurrency and volume transactions are the first of it's growing pains.