Crypto market sees broad pullback, Meme sector drops over 3%, only RWA sector remains relatively resilient

Odaily News, September 2 — According to SoSoValue data, influenced by escalating US-Iran conflicts and surging Treasury yields, the crypto market has seen a broad pullback. The Meme sector showed weak performance, falling 3.18% in 24 hours. Within the sector, Pump.fun (PUMP) dropped 8.41% and OFFICIAL TRUMP (TRUMP) fell 6.42%, while hot Robinhood Chain ecosystem tokens Pons (PONS) and Cash Cat (CASHCAT) rose 0.96% and 2.83%, respectively.

Additionally, Bitcoin (BTC) dropped 2.15%, falling below $77,000; Ethereum (ETH) declined 2.99%, slipping below $2,400.

In other sectors, the DeFi sector fell 0.82%, with Uniswap (UNI) bucking the trend to rise 11.16%; the CeFi sector dropped 1.62%, with Cronos (CRO) down 3.98%; the Layer1 sector fell 2.82%, with Canton Network (CC) down 7.63%; the Layer2 sector declined 2.92%, with Arbitrum (ARB) down 1.34%; and the PayFi sector dropped 3.18%, with Zcash (ZEC) down 2.93%.

Crypto sector indices reflecting historical sector performance show that the ssiRWA and ssiDePIN indices rose 1.40% and 0.21%, respectively, while the ssiSocialFi index fell 6.70%.