SoSoDaily | July 7: Crypto Market Sees Broad Gains; Meme Sector Leads with Nearly 5% Surge

On July 7, according to data from SoSoValue, the crypto market continued its upward momentum, with most sectors posting gains. The Meme sector led the rally, climbing 4.97% in the past 24 hours, fueled by renewed interest in the $BONK ecosystem and growing traction of its Launchpad platform Letsbonk.Fun. dogwifhat (WIF) and SPX6900 (SPX) rose 5.88% and 7.61%, respectively, while $Bonk ($BONK) continued its strong run, surging 13.82%.

Bitcoin ($BTC) gained 0.91%, continuing to trade in a narrow range around $109,000, while Ethereum ($ETH) rose 1.99%, holding above the $2,500 level. Meanwhile, MAG7.ssi increased 1.67%, DEFI.ssi advanced 2.88%, and MEME.ssi jumped 5.09%.

Among other sectors, the Layer2 sector rose 2.82%, with Celestia (TIA) soaring 10.39%. The PayFi sector gained 2.42%, led by Stellar (XLM), which rose 6.70%. The DeFi sector climbed 2.25%, with Aave (AAVE) up 5.46%. The Layer1 sector added 1.95%, with Avalanche (AVAX) up 4.10%. The CeFi sector posted a more modest gain of 0.80%, with Hyperliquid ($HYPE) rising 1.45%.

Crypto sector indices reflecting historical performance showed 24-hour increases of 4.76% for ssiMeme, 4.15% for ssiSocialFi, and 2.87% for ssiRWA.