SoSoDaily | June 16: Most Crypto Sectors Rose, with Only Layer2 and AI Sectors Declining

On June 16, according to SoSoValue data, due to multiple factors including Trump’s call for a ceasefire between Israel and Iran, the crypto market rebounded after consecutive pullbacks, with most sectors seeing gains. Only the Layer2 and AI sectors declined, with 24-hour drops of 0.86% and 1.06%, respectively. Within the Layer2 sector, Celestia (TIA) and Mantle (MNT) fell 1.45% and 2.33%. The AI sector's decline was mainly due to a liquidity crisis at Polyhedra Network ($ZKJ), which plunged 83.23% in 24 hours. However, other AI-related tokens like Render (RENDER) and Fetch.ai (FET) rose 2.58% and 4.89%, respectively.

Additionally, Ethereum ($ETH) rose 0.66% in 24 hours, recovering to $2,500, while Bitcoin ($BTC) rose 0.40%, climbing back above $105,000.

In other sectors, the Layer1 sector rose 2.48% in 24 hours, with Solana ($SOL) up 7.38%; in the PayFi sector, Bitcoin Cash (BCH) and Keeta (KTA) rose 5.72% and 6.20%, respectively; the DeFi sector increased 1.36%, with Sky (SKY) and Jupiter (JUP) up 5.27% and 6.05%; the CeFi sector rose 0.72%, with Hyperliquid (HYPE) up 3.01%; the Meme sector rose 0.18%, with Fartcoin (FARTCOIN) and SPX6900 (SPX) up 4.91% and 6.57%, respectively.

Meanwhile, crypto sector indices reflecting historical performance showed that the ssiLayer1, ssiRWA, and ssiPayFi indices rose 1.81%, 1.60%, and 1.53% in 24 hours, respectively.