Flash
May 12, 2025 12:00 PM
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:
Overall, the market remains volatile but shows resilience in key sectors like AI and select meme tokens.
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