According to SoSoValue data from Odaily Planet Daily on August 12, the crypto market experienced a correction after a period of continuous growth. The AI sector saw a 24-hour decline of 7.20%, with Virtuals Protocol (VIRTUAL), AI 16 Z (AI 16 Z), and Fartcoin (FARTCOIN) falling by 9.88%, 13.16%, and 18.58%, respectively. Additionally, Bitcoin (BTC) fell 0.59%, retreating to $119,000 after breaking through $122,000. Ethereum (ETH) fell 0.70%, fluctuating in a narrow range around $4,300.

In terms of other sectors, the CeFi sector fell 0.83% in the past 24 hours. Within the sector, Cronos (CRO) was relatively strong, rising 2.43%; the PayFi sector fell 1.59%, but Bitcoin Cash (BCH) surged 4.09% during the session; the Layer 1 sector fell 2.34%, and TRON (TRX) climbed slightly by 2.63%; the DeFi sector fell 3.19%, the Layer 2 sector fell 5.38%, and SOON rose against the trend by 33.58%; the Meme sector fell 5.51%, and Pump.fun (PUMP) remained strong, rising 13.36%.

The crypto sector index, which reflects the historical market trends of the sector, shows that the ssiAI, ssiNFT, and ssiMeme indices fell by 7.91%, 7.32%, and 5.99%, respectively.