The crypto sector sees widespread declines, with the Meme sector dropping nearly 3%; only the SocialFi sector remains relatively resilient.

Odaily Planet Daily News, July 7th. According to SoSoValue data, the crypto market sectors have pulled back after several consecutive days of gains. The Meme sector fell 2.72% in 24 hours. Within the sector, Bonk (BONK) dropped 8.57%, while MemeCore (M) and BUILDon (B) fell 13.17% and 19.36%, respectively.

In other sectors, the Layer 2 sector fell 0.36% in 24 hours, but ImmutableX (IMX) rose 4.27%; the DeFi sector fell 0.44%, with EdgeX (EDGE) bucking the trend and rising 29.92%; the Layer 1 sector fell 0.69%, with NEAR Protocol (NEAR) remaining relatively resilient, rising 2.89%; the CeFi sector fell 0.74%, with Bitget Token (BGB) dropping 3.17%; the PayFi sector fell 0.96%, with Trust Wallet (TWT) rising 1.39% during trading.

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

The crypto sector index, reflecting historical sector performance, shows the ssiSocialFi index rising by 0.20%, while the ssiAI and ssiMeme indexes fell by 2.55% and 2.27%, respectively.