Crypto Market Sectors Retreat as Meme Tokens Slide, NFT Category Posts Gains

According to SoSoValue data on April 28, most crypto sectors pulled back, with the Meme sector down 3.45% while the NFT sector rose 2.29% and ssiRWA posted the strongest gain.

BTC
ETH
SPX

Summary

Crypto market sectors broadly retreated on April 28, according to SoSoValue data, with the Meme sector falling 3.45% while the NFT sector was the only advancing category, up 2.29%. Among named assets, SPX dropped 6.73% and MemeCore fell 14.74%, while Pump.fun gained 4.14%. SoSoValue also showed ssiRWA rising 19.6% and PENGU gaining 10.01%. In major cryptocurrencies, Bitcoin was reported below $78,000 despite a 2.51% gain, while Ethereum fell 3.71% to around $2,300.

Terms & Concepts
  • NFT: A non-fungible token is a unique blockchain-based digital asset used to represent ownership of items such as art, collectibles, or in-game objects.
  • Meme sector: A market segment made up of meme-themed cryptocurrencies, which often trade with high volatility and are influenced by online communities and sentiment.