🌎 DeFi and DeFAI Post Gains Amid Meme Coin Decline

Modest Gains in DeFi and DeFAI as Meme Coins Plummet

Following Donald Trump’s inauguration on January 20, the cryptocurrency market has experienced a modest pullback, with a notable decline in the meme coin sector. According to recent data, the sector has dropped by approximately 15% as of January 21.

Meme Coins Suffer Steep Decline

Among the meme coins, Official Trump has suffered a significant decline of nearly 40% in the past 24 hours, while Melania Meme has fallen by over 66%. These steep declines have led to a sector-wide downturn, with other meme coins experiencing similar losses.

Here’s a brief overview of the decline:

Official Trump: -33.24%
Melania Meme: -59.48%

DeFi and DeFAI Defy the Trend

Despite broader market fluctuations, the DeFi and DeFAI sectors have remained resilient, posting notable gains. Raydium, a key player in the DeFi sector, has led the charge with a 24-hour increase of nearly 12%, reaching a price of $7.46. However, the overall DeFi sector has experienced a slight pullback, declining 0.5% to $121 billion.

Meanwhile, the DeFAI sector, which merges DeFi with artificial intelligence, has shown strong momentum, with its overall market cap growing by nearly 15%, surpassing $2.8 billion. Market leaders aixbt by Virtuals and Griffain account for nearly 37% of the market cap.

Here are some key statistics: