What happened?
The market traded mixed over the last 24 hours with a clear split between sectors. DePIN led the winners, jumping about 10.9% as Filecoin surged 51.8% and Arweave rose 37.9%, while PayFi cooled off and fell roughly 4%. At the same time majors softened — Bitcoin slipped 1.6% below $102,000 and Ethereum eased about 2.3% to near $3,300, though Dash bounced back about 15.7%.
Who does this affect?
This mainly affects traders and investors exposed to DePIN and storage tokens like Filecoin and Arweave who saw big gains. It also matters for holders of PayFi, Bitcoin and Ethereum, since PayFi pulled back while BTC and ETH lost short‑term ground. Plus, token teams, miners, L1/L2 projects and anyone trading newly listed AI tokens will feel the newsflow and increased volatility.
Why does this matter?
Sector rotations like a DePIN surge alongside weakness in BTC and ETH can redirect capital into niche areas and change short‑term market leadership. That reallocation can boost funding and attention for storage and AI projects but also raise volatility as traders chase momentum or take profits. For the broader market it signals shifting liquidity and sentiment that could influence where institutional and retail flows go, impacting prices across L1s, L2s and altcoins.