According to SoSoValue data, the crypto market experienced a broad pullback on September 2, pressured by escalating US-Iran tensions and a surge in US Treasury yields. The meme sector fell 3.18% in 24 hours, with Pump.fun (PUMP) down 8.41% and Official Trump (TRUMP) down 6.42%. Yet, Pons (PONS) and Cash Cat (CASHCAT) from the Robinhood Chain ecosystem rose 0.96% and 2.83%, respectively. Bitcoin (BTC) dropped 2.15% to below $77,000, and Ethereum (ETH) slid 2.99% to under $2,400. Sector-wise, DeFi lost 0.82% but Uniswap (UNI) surged 11.16%. CeFi, Layer1, Layer2, and PayFi also declined. In contrast, the RWA and DePIN sector indices gained 1.40% and 0.21%, while the socialFi index plunged 6.70%.
On September 2, crypto got hit across the board. US-Iran tensions kept rising, and US Treasury yields jumped. SoSoValue data shows the meme sector took one of the hardest hits, down 3.18% in 24 hours.
Major Token Moves
Inside memes, Pump.fun (PUMP) fell 8.41%, and Official Trump (TRUMP) dropped 6.42%. But two Robinhood Chain ecosystem tokens did their own thing: Pons (PONS) rose 0.96%, and Cash Cat (CASHCAT) gained 2.83%.
Bitcoin (BTC) slipped 2.15% to below $77,000. Ethereum (ETH) fell 2.99% to under $2,400.
Sector Performance
DeFi was down 0.82%, though Uniswap (UNI) still managed an 11.16% jump. CeFi lost 1.62%, with Cronos (CRO) down 3.98%. Layer1 fell 2.82%, led by Canton Network (CC), which dropped 7.63%. Layer2 edged down 2.92%, with Arbitrum (ARB) off 1.34%. PayFi slid 3.18%, and Zcash (ZEC) declined 2.93%.
Index Highlights
Among sector indices that track historical performance, the ssiRWA index climbed 1.40%, and the ssiDePIN index ticked up 0.21%. The ssiSocialFi index, though, sank 6.70%.
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