"Crypto Crash: DeFi and AI Agents Lead Marketwide Pullback"

The cryptocurrency market is experiencing a widespread pullback, with the DeFi and AI Agents sectors leading the decline. According to data from SoSoValue, the DeFi sector has seen a 24-hour decline of 28.73%, with all four tokens in the sector falling by over 20%. GRIFFAIN, ORBIT (GRIFT), Hive AI (BUZZ), and neur.sh (NEUR) dropped by 25.97%, 22.52%, 35.61%, and 22.14% respectively. The AI Agents sector had a 24-hour decline of 16.91%, with the top project Virtuals Protocol (VIRTUAL) falling by 12.74%. Fartcoin (FARTCOIN) dropped by 22.11%, and the mainstream AI tokens ai16z (AI16Z), AIXBT, and AI Rig Complex (ARC) fell by 13.70%, 13.22%, and 27.61% respectively, while ACT defied the trend with a 2.42% rise.

The Meme sector continued to decline, with a 24-hour drop of 8.27%. Among them, the traditional Meme sector saw the largest decline, with Pepe (PEPE) falling by 11.33%, nearly halving from its previous high. Notably, Pudgy Penguins (PENGU) rose against the trend by 3.64%.

In other sectors, Layer1 saw a 24-hour decline of 5.79%, the PayFi sector fell by 4.80%, the CeFi sector dropped by 4.34%, the DeFi sector declined by 5.10%, with Jupiter (JUP) and Onyxcoin (XCN) in the sector rising by 8.70% and 11.48% respectively against the trend. The Layer2 sector dropped by 5.72%.

Analysts attribute the widespread pullback to a combination of factors, including increased regulatory scrutiny, market volatility, and a general risk-off sentiment among investors. The DeFi and AI Agents sectors, in particular, have been under pressure due to concerns about the sustainability of their business models and the potential for