The cryptocurrency market faced significant declines in early November 2025, with major assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) entering daily and weekly downtrends. This downturn coincided with a 3%-5% reversal in equity indices, heightening market risk and pushing the VIX to 20. Despite the widespread selloff, the DePIN sector showed resilience, posting a 2% gain for the week, buoyed by advances in Arweave (AR) and Filecoin (FIL). In contrast, the Solana Ecosystem and Launchpad sectors suffered steep losses, plummeting 27.6% and 15%, respectively.