TechFlow reported on February 5 that according to SoSoValue data, the crypto market continued its correction, with the DeFAI and AI Agents sectors experiencing the largest declines. Meanwhile, both Bitcoin (BTC) and Ethereum (ETH) have broken below their monthly lines. The DeFAI sector dropped 10.32% over 24 hours, with GRIFFAIN, ORBIT (GRIFT), and Hive AI (BUZZ) falling by 7.73%, 22.44%, and 20.26% respectively. The AI Agents sector declined 8.69% in 24 hours, including Virtuals Protocol (VIRTUAL) down 6.80%, Fartcoin (FARTCOIN) down 16.01%, and major AI tokens ai16z (AI16Z), AIXBT, and ACT dropping 15.42%, 6.30%, and 3.74% respectively.
In other sectors, CeFi fell 5.09% over 24 hours, while Layer1 dropped 5.55%, with Solana (SOL) down 5.09% and Cardano (ADA) down 6.86%. DeFi declined 5.66%, Layer2 fell 5.89%, and the Meme sector continued its downward trend, with Dogecoin (DOGE) down 7.25%, Pepe (PEPE) down 5.69%, and OFFICIAL TRUMP (TRUMP) down 8.14%. However, Pudgy Penguins (PENGU) showed resilience, rising 4.87% against the trend.
Additionally, the PayFi sector plunged 9.48% in 24 hours, with top asset XRP down 7.73% and Stellar (XLM) down 6%.
