Crypto Market Sees Mild Pullback as BTC Stabilizes and AI Tokens Surge

Flash

May 12, 2025 12:00 PM

In Brief:
Bitcoin dipped slightly after surpassing $105K, now hovering around $104K with a 0.11% daily gain.
The AI sector remains strong, with several tokens posting 8–10% gains, while select meme coins defy the downturn.


After a streak of upward momentum, the crypto market saw a mild pullback, according to data from SoSoValue. Bitcoin (BTC) briefly crossed the $105,000 mark before retreating to around $104,000, still registering a modest 0.11% gain in the last 24 hours. Ethereum (ETH) also slipped by 0.82% after three days of gains, though it continues to trade above $2,500.

Despite the broader cooldown, the AI sector showed relative strength. Tokens such as AIXBT, Virtuals Protocol (VIRTUAL), and ai16z (AI16Z) posted solid gains of 8.32%, 8.76%, and 10.48% respectively. The ssiAI index, which tracks historical performance of AI-related tokens, edged up 0.11%.

Meme coins delivered surprising performances, with Pepe (PEPE) up 10.35%, dogwifhat (WIF) up 13.74%, PNUT up 29.96%, and MOO DENG (MOODENG) skyrocketing 132.67%, despite the overall meme sector being down 0.17%.

Other sectors showed mixed results:

  • Layer1 dipped 0.08%, though TRON (TRX) and Kaspa (KAS) rose 1.21% and 8.33%.
  • PayFi dropped 0.97%, DeFi fell 1.16%, and RWA declined 1.18%, with Plume (PLUME) up 7.19%.
  • CeFi slid 1.32%, Layer2 fell 2.59%, though Mantle (MNT) gained 2.08%.

Overall, the market remains volatile but shows resilience in key sectors like AI and select meme tokens.

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