The crypto market trended lower on November 12 amid choppy trading, with the Meme sector falling 3.77% over 24 hours. Pepe (PEPE) led losses in the sector, plunging 16.97%, while Useless Coin (USELESS) and Bonk (BONK) declined 7.86% and 4.90%, respectively.
Most major sectors posted negative returns: DeFi dropped 2.43% with Uniswap (UNI) down 9.41%, Layer2 fell 2.95% as Arbitrum (ARB) slid 8.63%, PayFi declined 1.17% with Zcash (ZEC) down 3.38%, Layer1 slipped 0.88% alongside NEAR Protocol (NEAR) losing 1.99%, and CeFi edged lower by 0.25% despite Cronos (CRO) gaining 3.60%.
SocialFi emerged as the sole resilient sector, rising 4.50% over the same period, driven in part by Gram (GRAM), which advanced 5.56%.
Crypto Market Falls Broadly as Meme Sector Drops Nearly 4%, SocialFi Stands Out with 4.5% Gain
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