The cryptocurrency sector is broadly declining, with the Meme sector dropping nearly 3%, while only the SocialFi sector remains relatively resilient

According to SoSoValue data on July 7th, 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) and BUILDon (B) fell 13.17% and 19.36%, respectively.

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

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

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