Crypto market sees broad pullback, RWA sector leads decline with over 3% drop

Odaily Planet Daily News According to SoSoValue data, the crypto market is experiencing a broad pullback across all sectors. The RWA sector, which performed strongly yesterday, led the decline over the past 24 hours with a 3.13% drop. Within the sector, Centrifuge (CFG) fell 8.40%, while Ondo Finance (ONDO) and Pendle (PENDLE) decreased by 3.02% and 6.08% respectively. The GameFi sector dropped 2.59%, but WEMIX bucked the trend with a 2.01% gain.

Looking at other sectors, the Meme sector fell 0.73% in 24 hours, yet Banana For Scale (BANANA) surged 17.23% and Siren (SIREN) rose 8.27%. The Layer1 sector declined 0.87%, with Algorand (ALGO) gaining 7.52%. The CeFi sector fell 1.03%, as NEXO (NEXO) showed relative strength, rising 1.61% during the session. The DeFi sector dropped 1.49%, but Morpho Token (MORPHO) increased by 3.34%. The Layer2 sector fell 1.80%, with Arbitrum (ARB) down 2.74%. The PayFi sector decreased 2.41%, yet Telcoin (TEL) managed a 4.66% gain.

Cryptocurrency sector indices reflecting historical performance show that ssiNFT rose 0.36%, while the ssiAI and ssiRWA indices fell 8.73% and 7.71% respectively.