Meme and AI token index plummet 50% from December's high, US counters fall with DeFi index

Based on the GMCI index data, the Meme and AI token sectors have suffered the most severe declines in recent market adjustments, with GMMEME and GMAI indices falling 60% and 56% respectively from their highs in December 2024.

In addition, several sectors such as GML2, GMDEPIN, GMGM, GMSOLMEME have returned to pre-US election levels. In contrast, the US (GMUSA) and DeFi (GMDEFI) indices performed relatively robustly. The GMUSA index has only retraced 29% from its high point in January 2025 covering projects like SOL, XRP, DOGE, ADA LINK LTC XLM etc. The GMDEFI index fell by 38% from its December high but still outperformed Meme AI tokens. Its components include LINK OM UNI ONDO AAVE MKR etc.

As for the overall market situation,the GM30 Index (top 30 crypto assets) has fallen by 24% since December mainly supported by relative stability of BTC XRP BNB while other altcoins are generally weak. Bitcoin dominance rate(BTC.D) rose by13%, indicating that funds are concentrating towards Bitcoin reflecting a massive sell-off in altcoin markets.