DePIN Sector Leads Crypto Losses With a 7.31% 24-Hour Drop

DePIN posted the steepest loss among the listed crypto sectors, falling 7.31% over 24 hours through 9:01 p.m. ET Thursday, Nov. 5 (02:01 UTC Friday), as several component tokens recorded sharper declines and Bitcoin and Ether also traded lower at the latest snapshot. Grass (GRASS) fell 14.32%, Filecoin (FIL) lost 8.47% and Render (RENDER) declined 5.72% over the sector’s 24-hour period. The sector’s drop was steeper than every other listed group. All other listed groups also fell: DeFi declined 6.45%, meme tokens 5.88%, Layer 2 5.10%, PayFi 5.07%, Layer 1 4.06% and CeFi 3.63%.

Source: TokenPost