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Coinbase 50 Index June Review: Down 21.31%

CoinNetwork
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CoinDesk says that Coinbase Institutional’s Coinbase 50 Index (Coin50) June monthly review shows the index fell 21.31% in that month. The drop was mainly driven by expectations that interest rates will remain high for a longer period, funds rotating into AI and the technology sector, and spot ETFs experiencing record-breaking net outflows. All sectors covered by the index recorded declines; the DeFi sector fell 9.55%, the best-performing among them, while the media & entertainment and meme coin sectors fell 35.85% and 28.43%, respectively. As for tokens, AAVE rose 4.18%, the best-performing constituent coin of the month. PENDLE and UNI fell 3.01% and 7.59%, respectively, but still significantly outperformed CHZ, which had the largest drop at 44.79%. The declines for APT, ADA, MNT, and XTZ were all more than 37%.
MEME-0.56%
AAVE2.88%
PENDLE1.37%
UNI0.91%
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GateUser-f4fbd803
· 4h ago
All the funds have poured into AI, and crypto has become a blood bag—this market feels like the familiar recipe
View OriginalReply0
LittleBitcoinInTheReflection
· 4h ago
Media & entertainment—35% is too harsh; CHZ is cut in half directly, and on-chain sports narratives have cooled off completely.
View OriginalReply0
MorandiLily
· 4h ago
DeFi is still holding up under the downturn, and somehow AAVE is up—kind of unexpected.
View OriginalReply0

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