January 6, as bitcoin remains above $93,000, capital in the crypto market is rotating from meme coins to tokens with real application value, with AI concept tokens showing the most outstanding performance.
Data shows that in the past 24 hours, several functional indexes from CoinDesk—including DeFi, Metaverse, and non-bitcoin composite indexes—have all risen by more than 4%, while the meme coin index has remained flat or even slightly declined, indicating that market risk appetite is returning to "tracks with fundamentals."
Decentralized GPU computing platform Render Network (RENDER) rose about 20% in 24 hours, becoming the best-performing token among the top 100 crypto assets by market cap; small and medium-sized AI tokens such as Virtuals Protocol also recorded gains of over 6%. Sui (SUI) rose more than 15%, and XRP climbed about 10%, reaching a new two-month high; in contrast, Solana (SOL) remains in a multi-month consolidation range.
Analysts pointed out that the above trends are consistent with the optimistic sentiment towards AI and high-beta tech stocks in the US stock market. However, geopolitical risks and the upcoming release of US non-farm payroll data may still affect market sentiment. In addition, several analysts believe that further gains in the crypto market still depend on continued inflows into bitcoin ETF funds. Data shows that in the first two trading days of 2026, net inflows into bitcoin ETFs have already exceeded $1 billion.
