Coinbase Institutional released a June monthly review of the Coinbase 50 Index (COIN50), saying the index fell 21.31% during the month, mainly due to expectations that interest rates will remain high for a longer period, capital rotating into the AI and technology sectors, and record outflows from spot ETFs. All sectors covered by the index declined that month, with the DeFi sector down 9.55%, the best performance. The media & entertainment and Meme coin sectors fell 35.85% and 28.43%, respectively. In terms of tokens, AAVE rose 4.18%, the best-performing component coin of the month. PENDLE and UNI fell 3.01% and 7.59%, respectively, but still significantly outperformed the index. CHZ saw the biggest drop, down 44.79%, while APT, ADA, MNT, and XTZ all fell by more than 37%.