PANews reported on February 12 that according to The Block, based on the data of the GMCI index, the Meme and AI token sectors have suffered the most severe declines in the recent market adjustment, with the GMMEME and GMAI indexes falling 60% and 56% respectively from their highs in December 2024. In addition, multiple sectors such as GML2, GMDEPIN, GMGM, GMSOLMEME, etc. have returned to the levels before the US election.

In contrast, the US concept (GMUSA) and DeFi (GMDEFI) indexes performed relatively well. The GMUSA index has only fallen 29% from its high in January 2025, covering projects such as SOL, XRP, DOGE, ADA, LINK, LTC, and XLM. The GMDEFI index fell 38% from its December high, but still outperformed Meme and AI tokens. GMDEFI components include LINK, OM, UNI, ONDO, AAVE, MKR, etc.

In terms of the overall market, the GM30 index (top 30 crypto assets) has fallen 24% since December, mainly supported by the relative stability of BTC, XRP, and BNB, while other altcoins have generally weakened. The BTC dominance rate (BTC.D) rose by 13%, indicating that funds are concentrating on Bitcoin, reflecting a massive sell-off in the altcoin market.