The crypto sector is broadly declining, with the Meme sector falling nearly 3%, while only the SocialFi sector remains relatively resilient.

Odaily Odaily reports that on July 7th, according to SoSoValue data, the crypto market sector experienced a pullback 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), BUILDon (B) fell 13.17% and 19.36%, respectively.

Among 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 to rise 29.92%; the Layer 1 sector fell 0.69%, with NEAR Protocol (NEAR) holding relatively firm, 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) surging 1.39% during the session.

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

The crypto sector index, reflecting historical sector performance, shows that the ssiSocialFi index rose 0.20%, while the ssiAI and ssiMeme indices fell 2.55% and 2.27%, respectively.