- Meme tokens led the market decline with a 5.57% drop, marking the sharpest fall among all categories.
- Only stablecoins stayed positive, recording a modest 0.28% gain while all other sectors trended downward.
- RWA and Layer 2 tokens also saw major losses, falling 5.52% and 5.36% respectively in today’s session.
The total cryptocurrency market capitalization slipped beneath the $3.4 trillion mark today, showing broad weakness across multiple sectors. Data from Coingecko reveals that only stablecoins registered a positive gain during the trading session, up slightly by 0.28%.
Other categories, including Meme tokens, Real World Assets (RWA), and Layer 2 (L2) solutions, posted the sharpest declines among tracked segments. The market-wide downturn signals a moment of price compression across various blockchain categories, with some sectors facing more severe losses than others.
Speculative and High-Engagement Tokens Lead Market Declines
Meme tokens recorded the highest decline, falling by 5.57% within the day. Real World Asset (RWA) tokens followed closely, down by 5.52%. Layer 2 (L2) scaling projects also dropped sharply, posting a 5.36% loss. These three segments led the market correction in terms of percentage losses. Each experienced higher volatility than the broader market average. These declines reflect a tightening in risk appetite, particularly for highly speculative or infrastructure-linked tokens.
Transitioning from meme and infrastructure tokens, the gaming sector also felt the pressure. Gaming and GameFi tokens dropped 3.08%, making it one of the moderate loss segments. The continued pressure on alternative assets highlights the limited short-term strength across high-engagement categories, even those with active communities.
DeFi, AI, and Exchange Tokens Slide Further
Moving into other major sectors, Decentralized Finance (DeFi) tokens recorded a decline of 3.79%. Tokens in the Artificial Intelligence (AI) category also dropped by 3.67%. Exchange-based tokens were not exempt from the sell-off, sliding 3.21% in today’s session. While not leading in losses, these categories contributed significantly to the total market cap dip.
As these declines unfolded, stablecoins remained the only segment in the green, holding a 0.28% gain. Their performance underscores their role as a short-term haven amid broader volatility. The stability shown in that category highlights the ongoing cautious sentiment among market participants.
Widespread Losses Reflect Caution, With Little Sign of Buyer Reentry
Although some categories performed worse than others, the broader weakness across all major sectors underscores an ongoing market correction. No major category apart from stablecoins managed to avoid losses. This reinforces the trend of profit-taking or de-risking behavior in the current environment.
Each sector drop was joined by a sharp drop in overall market cap. As prices stabilized, capital fled risk tokens. The simultaneous drawdown across most asset classes testifies to industry-wide movement, at least for this session of the day. But no meaningful increase in accumulation or volume spikes suggests buyers are still waiting to move in at scale, demonstrating limited evidence of a general buying opportunity for now.
