The cryptocurrency market faced a significant downturn, with the Layer2 sector experiencing a 5.15% drop in the past 24 hours. Starknet (STRK) and Mantle (MNT) were among the hardest hit, falling 7.01% and 9.22% respectively. In contrast, Merlin Chain (MERL) saw a 4.89% increase. Major cryptocurrencies also suffered losses, with Ethereum (ETH) decreasing by 1.99% to $3,900 and Bitcoin (BTC) dropping 1.35% to $109,000. Other sectors, including Layer1, PayFi, Meme, DeFi, and CeFi, recorded declines exceeding 1.5%, reflecting a broadly weak market sentiment.