The encrypted market sector continues to adjust, with the DeFAI and AI Agents sectors experiencing the largest declines

According to SoSoValue data, the cryptocurrency market is continuing its downward trend, with the DeFAI and AI Agents sectors experiencing the largest declines. Additionally, Bitcoin (BTC) and Ethereum (ETH) have both fallen below their monthly moving averages.

The DeFAI sector has seen a 24-hour decline of 10.32%, with GRIFFAIN, ORBIT (GRIFT), and Hive AI (BUZZ) dropping 7.73%, 22.44%, and 20.26%, respectively. The AI Agents sector has fallen by 8.69% over the past 24 hours, with Virtuals Protocol (VIRTUAL) down 6.80%, Fartcoin (FARTCOIN) down 16.01%, and the mainstream AI tokens ai16z (AI16Z), AIXBT, and ACT dropping 15.42%, 6.30%, and 3.74%, respectively.

In other sectors, the CeFi sector has seen a 24-hour decline of 5.09%, and the Layer1 sector is down 5.55%. Within this sector, Solana (SOL) has fallen by 5.09%, and Cardano (ADA) is down 6.86%. The DeFi sector has dropped 5.66%, and the Layer2 sector is down 5.89%.

The Meme sector continues to decline, with Dogecoin (DOGE) falling 7.25%, Pepe (PEPE) down 5.69%, and OFFICIAL TRUMP (TRUMP) down 8.14%. However, Pudgy Penguins (PENGU) has remained strong, rising 4.87%.

Furthermore, the PayFi sector has seen a 24-hour decline of 9.48%, with leading projects XRP dropping 7.73% and Stellar (XLM) down 6%.