Only 3 of 25 crypto sectors gained this week: social +25%, NFT apps -14%
- —3 of 25 sectors gained and 22 fell on FDV-weighted weekly returns
- —Social +25% and data availability +21% were the only double-digit gainers
- —NFT apps -14%, store of value -13%, gen-1 smart contracts -12%
- —Privacy coins -11%, memecoins -10%, AI and DeFi each -9.9%, bitcoin -2.8%
Why it matters: Risk-off capital narrowed into a few themes like social and data, while NFTs, memecoins and DeFi posted double-digit losses.
Source: TokenPost