The cryptocurrency market sector experienced a widespread decline, with OM's flash crash causing the RWA sector to drop by 44.93%

ChainCatcher message indicates that, according to SoSoValue data, the encrypted market sector has experienced a widespread decline. Notably, the native token of MANTRA, OM, has plummeted by 85.56%, leading to a 24-hour drop of 44.93% in the RWA sector. The official response from MANTRA stated that the decline was caused by "disorderly liquidation" rather than the actions of the project team. Meanwhile, the cryptocurrency sector index reflecting the historical market performance shows that the ssiRWA index has dropped by 48.90% in the last 24 hours.

Additionally, Bitcoin (BTC) has decreased by 1.41% in the last 24 hours, briefly falling below $84,000. Ethereum (ETH) is down by 0.25%, but remains above $1,600.

In other sectors, the PayFi sector has dropped by 1.12% in the last 24 hours, while Bitcoin Cash (BCH) and Litecoin (LTC) have risen by 6.18% and 2.12%, respectively. The Layer1 sector has decreased by 1.47%, with TRON (TRX) rising against the trend by 4.18%. The CeFi sector has fallen by 1.65%, and the Meme sector has dropped by 1.82%, although Pepe (PEPE) has shown resilience, increasing by 3.39% in 24 hours. The Layer2 sector has decreased by 2.92%, and the DeFi sector has fallen by 3.05%, but Uniswap (UNI) and Sky (SKY) have risen by 2.20% and 2.54%, respectively.