SoSoValue data showed SocialFi extending its lead on May 7, while AI and RWA also advanced and KAIO posted an outsized jump after a listing despite a broadly steady Bitcoin and Ethereum market.
SoSoValue data showed mixed but selective strength across the crypto market on May 7. SocialFi led sector performance with a 22.04% rise over 24 hours, while Toncoin (TON) climbed 25.18%. Bitcoin (BTC) fell 0.17% but remained above $81,000, and Ethereum (ETH) traded near $2,300, pointing to relative stability in the largest cryptocurrencies. Other gaining sectors included AI, up 3.44%, and RWA, up 2.83%. KAIO surged 6681.80% after listing, marking the sharpest individual move mentioned in the update.