The cryptocurrency market declined across the board today, with DePIN leading the decline, BTC breaking down, and most tokens trending downward.

2025-12-16 02:28:19

【ChainWen】The cryptocurrency market is under pressure today, with almost all sectors declining. According to the latest data, the 24-hour declines are concentrated between 2% and 5%, but some sectors are under significantly greater pressure.

The DePIN sector leads the decline, dropping 5.8%. Within this sector, Filecoin (FIL) performs the weakest, down 6.29%, while Render (RENDER) is under even more pressure at 7.07%.

There is also no good news for the broader market. Bitcoin (BTC) fell 3.19%, breaking below the $86,000 mark. Ethereum (ETH) experienced a similar situation, declining 4.11% and also dropping below $3,000.

How about other sectors? The CeFi sector declined 3.02% over 24 hours, with Aster (ASTER) experiencing a particularly large drop of 15.82%. In the Layer1 ecosystem, Sui (SUI) fell 8.35%, dragging down the entire sector by 3.34%. The Layer2 sector declined 4.03%, with SOON (SOON) experiencing the deepest decline at 11.09%.

Interestingly, although the Meme sector overall fell 4.31%, PIPPIN surged against the trend with a 25.96% increase. The PayFi sector declined 4.81%, with Telcoin (TEL) dropping 8.85%. Despite a 4.93% decline in the DeFi sector, MYX Finance (MYX) surprisingly rose 9.96 during trading.

Overall, market volatility is quite high, with certain tokens showing significant counter-trend performance, which warrants attention for subsequent trends.

FIL0,33%

RENDER-0,55%

ETH-1,2%

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ApeWithNoChain

· 2025-12-17 19:46

It dropped again, I really didn't expect DePIN to be so miserable.

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AlphaWhisperer

· 2025-12-16 14:18

FIL and RENDER have directly laid flat in this wave. The DePIN sector really can't hold up... BTC breaking 8.6K and you still dare to tell me it's the bottom? LOL

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MetaverseHobo

· 2025-12-16 02:58

Here we go again, DePIN really can't hold up this time... RENDER is directly up by 7 points, that's pretty intense.

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GreenCandleCollector

· 2025-12-16 02:57

DePIN's recent drop is quite fierce, and neither FIL nor RENDER escaped. It feels like it's about to hit bottom? By the way, breaking 86,000 for BTC is really a bit tough; this rhythm feels a bit off.

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