The crypto sector broadly declined, with the Meme sector dropping nearly 3%, while only the SocialFi sector remained relatively resilient

Odaily News, July 7 - According to SoSoValue data, the cryptocurrency market sectors 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 by 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 declined 0.44%, with EdgeX (EDGE) bucking the trend and surging 29.92%. The Layer 1 sector fell 0.69%, while NEAR Protocol (NEAR) remained relatively resilient, rising 2.89%. The CeFi sector dropped 0.74%, with Bitget Token (BGB) falling 3.17%. The PayFi sector decreased by 0.96%, while Trust Wallet (TWT) saw an intraday rally of 1.39%.

The SocialFi sector showed relative strength, rising 0.35% in 24 hours, with Gram (GRAM) increasing by 0.57%.

Crypto sector indices reflecting historical sector performance showed the ssiSocialFi index up 0.20%, while the ssiAI and ssiMeme indices fell by 2.55% and 2.27%, respectively.