The crypto sector experiences a broad decline, with the Meme sector dropping nearly 3%, while only the SocialFi sector remains relatively resilient

Odaily, July 7th – According to data from SoSoValue, the crypto market sector is undergoing a correction after several consecutive days of gains. The Meme sector saw a 2.72% decrease in 24 hours. Within the sector, Bonk (BONK) fell by 8.57%, while MemeCore (M) and BUILDon (B) declined by 13.17% and 19.36%, respectively.

Among other sectors, the Layer 2 sector fell by 0.36% in 24 hours, but ImmutableX (IMX) rose by 4.27%. The DeFi sector dropped by 0.44%, with EdgeX (EDGE) bucking the trend and surging by 29.92%. The Layer 1 sector decreased by 0.69%, with NEAR Protocol (NEAR) remaining relatively robust and rising by 2.89%. The CeFi sector fell by 0.74%, with Bitget Token (BGB) down 3.17%. The PayFi sector declined by 0.96%, while Trust Wallet (TWT) experienced an intraday uptick of 1.39%.

The SocialFi sector remained relatively resilient, rising by 0.35% in 24 hours, with Gram (GRAM) increasing by 0.57%.

Reflecting historical sector performance, the crypto sector index shows that the ssiSocialFi index rose by 0.20%, while the ssiAI and ssiMeme indexes fell by 2.55% and 2.27%, respectively.