On September 2, according to SoSoValue data, due to a combination of factors including the escalation of the U.S.-Iran conflict and a spike in U.S. Treasury yields, the crypto market saw a broad pullback. The Meme sector performed weakly, dropping 3.18% over 24 hours. Within the sector, Pump.fun (PUMP) fell 8.41%, and OFFICIAL TRUMP (TRUMP) fell 6.42%, but Robinhood Chain’s popular ecosystem tokens Pons (PONS) and Cash Cat (CASHCAT) rose 0.96% and 2.83%, respectively.
In addition, Bitcoin (BTC) fell 2.15%, dropping below $77,000; Ethereum (ETH) fell 2.99%, dropping below $2,400.
In other sectors, the DeFi sector fell 0.82%, while Uniswap (UNI) rose 11.16% against the trend. The CeFi sector fell 1.62%, with Cronos (CRO) down 3.98%. The Layer1 sector fell 2.82%, with Canton Network (CC) down 7.63%. The Layer2 sector fell 2.92%, with Arbitrum (ARB) down 1.34%. The PayFi sector fell 3.18%, with Zcash (ZEC) down 2.93%.
Crypto sector indices that reflect historical sector performance showed the ssiRWA and ssiDePIN indices rose 1.40% and 0.21%, respectively, while the ssiSocialFi index fell 6.70%.