In June, Coinbase dropped more than 20%—a triple blow of high interest rates, AI “bloodletting,” and ETF outflows. Only AAVE turned green against the trend, while CHZ was cut in half. This market is even more thrilling than a roller coaster.

Coinbase 50 Index’ June review shows a drop of 21.31%, driven by long-term expectations of high interest rates, capital shifting toward AI/tech sectors, and outflows from spot ETF funds. All sectors fell: DeFi -9.55%, Media & Entertainment -35.85%, and meme coins -28.43%. Among the constituent coins, AAVE rose 4.18% for the month’s best performer; PENDLE/UNI fell 3.01% and 7.59%, respectively. CHZ led the declines with -44.79%, while APT/ADA/MNT/XTZ all fell by more than 37%.