Why did the price of FET fall?

Artificial Superintelligence Alliance (FET) dropped 0.6% in the last 24 hours, underperforming the overall crypto market, which gained 0.4%. This decline fits into a larger 5.95% weekly loss, influenced by technical setbacks, investors shifting focus to other projects, and mixed feelings about AI-related cryptocurrencies.

1. Technical Breakdown – FET hit a bearish ABCD pattern and faced resistance at $0.73.
2. Sector Rotation – Money is moving to competitors like BlockDAG, which has generated excitement with a $371.5 million presale.
3. Market Sentiment – The Fear & Greed Index is neutral at 48, and the altcoin market is cooling off.

Deep Dive

1. Technical Breakdown (Bearish Impact)

Overview:
FET’s price fell below its 50-day moving average of $0.69 and tested support at $0.66. The daily price chart shows a bearish ABCD pattern, similar to one that led to a 33% drop back in June 2025.

What this means:

• Indicators like the RSI (Relative Strength Index) at 45.8 and MACD (Moving Average Convergence Divergence) near zero suggest weakening buying momentum.
• If FET closes below $0.66, it could slide further toward $0.44 (source).

Key watch:
Breaking back above $0.73 resistance (a key Fibonacci level) is crucial to reversing this bearish trend.

2. Sector Rotation & Competition (Mixed Impact)

Overview:
Investors are shifting funds to newer AI-focused projects like BlockDAG, which has raised $371.5 million in presales, as well as other trending tokens such as SUI, LINK, and TAO that show stronger short-term growth.

What this means:

• FET’s trading volume dropped 48.5% to $52 million, indicating less market activity and liquidity.
• BlockDAG’s aggressive marketing, highlighting potential returns of over 3,500%, has attracted retail investors away from FET.

Key watch:
The Artificial Superintelligence Alliance’s $10,000 developer prize at the upcoming ETH Global event in New York (August 15–17) could boost interest and activity in the FET ecosystem.

3. Market-Wide Caution (Neutral Impact)

Overview:
The overall cryptocurrency market fell 0.65% over the week, with altcoins underperforming Bitcoin, which holds a dominant 57.06% market share.

What this means:

• FET’s price movements are closely linked to Ethereum (ETH), with a 30-day correlation of 0.87, meaning it is affected by broader market trends.
• The Altcoin Season Index, which measures altcoin strength, remains relatively high at 79 but has cooled from a peak of 87 in December 2024.

Conclusion

FET’s recent price drop is due to a combination of technical weakness, competition from other AI crypto projects, and cautious market sentiment. While interest in AI-related cryptocurrencies remains strong, short-term challenges persist. Key watch: Will FET maintain support at $0.66 ahead of the Artificial Superintelligence Alliance’s ETH Global event?

What could affect the price of FET?

FET is at a critical point technically while its ecosystem continues to grow rapidly.

1. $50M Earn & Burn Program – Actively reducing supply through Q4 2025
2. Symmetrical Triangle Breakout – Resistance at $0.78 is key for a bullish turnaround
3. AI Sector Competition – Competing with RNDR and TAO for institutional investment

In-Depth Analysis

1. $50M Earn & Burn Program (Positive Outlook)

What’s Happening:
The Artificial Superintelligence Alliance (FET) has launched a $50 million program that takes fees earned within its ecosystem and converts them into FET tokens, which are then permanently removed from circulation (burned). Since April 2025, this has reduced the supply by about 4.2 million FET tokens each month (source).

Why It Matters:
By burning tokens, the program reduces the number of FET tokens available for sale, which can help support or increase the price. Currently, about 34.4% of FET’s circulating supply changes hands every 30 days, indicating high trading activity. The burn program may help stabilize this by tightening supply. Similar programs, like Binance Coin’s (BNB) token burns, have shown that it can take 12 to 18 months before the price impact becomes clear.

2. Technical Price Levels (Mixed Signals)

Current Situation:
FET is trading around $0.64, caught between the 50-day exponential moving average (EMA) at $0.65 and a key resistance level at $0.78. Technical indicators show mixed signals: the MACD (a momentum indicator) suggests bearish momentum is weakening, while the RSI (which measures buying strength) is at 45.8, indicating some accumulation.

What to Watch:
If FET closes above $0.78, it could trigger automated buying that pushes the price toward $1.25. On the other hand, if it falls below the 200-day simple moving average (SMA) at $0.58, it could lead to forced selling, especially since about 33% of FET positions are leveraged (borrowed money used to trade), increasing the risk of sharp price drops.

3. Competition in the AI Crypto Space (Mixed Outlook)

Market Context:
The AI-focused cryptocurrency sector has grown 61% this year to a total market value of $34 billion. FET benefits from its integration with Cardano through the Artificial Superintelligence Alliance (Sept 2024 announcement). However, competitors like Bittensor (TAO) show higher developer activity, with 327 GitHub commits in August compared to ASI’s 211.

Implications:
ASI’s early lead in decentralized AI infrastructure could attract investment from Ethereum-based ETFs and institutional investors. However, if it fails to secure major enterprise clients—something TAO has done with companies like Oblong Inc.—it risks losing market share.

Summary

FET’s future price depends on successfully reducing token supply and outperforming competitors both technically and in real-world adoption. The price range between $0.58 and $0.78 is likely to see volatility until new products launch in Q4. Increasing on-chain activity, such as a 23% month-over-month rise in active addresses, might signal growing demand that hasn’t yet been reflected in the price.

What are people saying about FET?

The community around Artificial Superintelligence Alliance (FET) is caught between big-picture hopes and short-term concerns. Here’s what’s making headlines:

1. $50 million buyback boosts long-term confidence
2. Price struggles around $0.70 support level
3. Nasdaq company’s $500 million investment in FET treasury
4. ASI Alliance’s developer rewards spark interest
5. Risk of price falling below $0.35 could be bearish

Deep Dive

1. Strategic Buyback Ahead of Merger

The Fetch.ai Foundation announced a $50 million buyback of FET tokens to help smooth the upcoming merger with ASI tokens. This move reduces the number of tokens available on the market, which can increase scarcity and potentially support the price. However, there was also a transfer of 8 million FET tokens (worth about $4.87 million) to exchanges by DWF Labs, showing mixed signals about liquidity.
Read the announcement

2. Price Action Shows Uncertainty

Technical analysis shows FET testing support around $0.66. Some indicators suggest bearish momentum, but others hint at accumulation, meaning buyers might be stepping in. If the price falls below $0.67, it could drop as much as 43% down to $0.38. On the other hand, breaking above $0.78 could open the door to much higher targets, possibly up to $4.
See the analysis

3. Big Bet from a Nasdaq-Listed Company

Interactive Strength, a company listed on Nasdaq, plans to invest $500 million to acquire FET tokens for its AI-focused treasury. This shows strong institutional interest and belief in FET’s real-world applications. However, there are always risks involved in executing such large investments.
Read the report

4. Developer Incentives Drive Growth

The ASI Alliance is running a challenge at ETHGlobal New York, offering $10,000 prizes to developers building with ASI:One and Agentverse tools. This encourages innovation and could lead to more applications built on the platform, which is positive for the ecosystem. However, any impact on FET’s price might take time to materialize.
View the tweet

5. Key Support Level Could Signal Risk

A breakdown below $0.35 would challenge the idea that FET can continue its strong rally seen over the past three years. This price level acts as a critical support, and falling below it could lead to a more bearish outlook for long-term holders.
See the community post

Conclusion

Opinions on FET are mixed right now. Institutional interest and the upcoming ASI merger show promise, but the price remains fragile between $0.35 and $0.70. Keep an eye on the ASI Chain testnet launch scheduled for September 20, 2025, as it could provide important signals about developer engagement and future growth.

What is the latest news about FET?

FET is navigating a volatile market by focusing on developer initiatives and real-world experiments. Here’s the latest update:

1. Reality Show AI Challenge (August 20, 2025) – Two creators travel across Europe with just $100, using ASI agents to help them survive.
2. $10K ETHGlobal Builders Prize (August 15, 2025) – Developers compete to build AI-powered multi-agent systems using ASI tools.
3. H2 Roadmap for AI Finance Tools (July 18, 2025) – New AI-driven portfolio managers and trading agents are planned for release later this year.

Deep Dive

1. Reality Show AI Challenge (August 20, 2025)

Overview:
The Artificial Superintelligence Alliance (ASI Alliance) launched a social experiment where two creators travel through Europe with only $100 and access to ASI:One. This platform combines AI agents that assist with tasks like translation, budgeting, and route planning. The unscripted series aims to test how well decentralized AI works in real-life situations.

What this means:
This challenge acts as a real-world test of ASI’s technology under unpredictable conditions. If the AI agents perform well, it could encourage wider adoption of the technology. On the other hand, if they fall short, it might increase doubts about AI’s readiness for everyday use. (ASI Alliance)

2. $10K ETHGlobal Builders Prize (August 15, 2025)

Overview:
The ASI Alliance sponsored a $10,000 prize at ETHGlobal New York, inviting developers to create multi-agent AI systems using tools like Agentverse (for hosting AI agents) and Ocean Protocol (for data sharing). The winning projects focused on automating supply chains and coordinating AI across different blockchain networks.

What this means:
This event is positive for the long-term growth of the ASI ecosystem because attracting developers helps build better tools and use cases. However, the market reaction was muted, with FET’s price dropping slightly by 0.44% over the week, indicating investors are waiting for clear signs of adoption. (ASI Alliance)

3. H2 Roadmap for AI Finance Tools (July 18, 2025)

Overview:
Singularity Finance, the decentralized finance (DeFi) branch of ASI, announced plans to launch AI-powered portfolio managers in the third quarter and non-custodial trading agents in the fourth quarter of 2025. These tools will use FET tokens to automate yield farming and manage investment risks.

What this means:
If these tools gain traction, they could increase demand for FET by locking tokens in DeFi applications, which would reduce selling pressure. However, there is a risk of delays, especially given the recent volatility in AI-related tokens, with FET down 19.6% since July. (MEXC News)

Conclusion

FET’s recent developments focus on testing AI technology in real-world scenarios and expanding its ecosystem. While price movements have been slow to respond, upcoming product launches in Q3 and growing interest in “AI Agents” (which have increased 320% in Google searches this year) are key factors to watch.

What is expected in the development of FET?

The Artificial Superintelligence Alliance’s roadmap highlights key technical improvements, expanding its ecosystem, and building a decentralized AI infrastructure.

1. ASI Token Migration Completion (Q4 2025) – Finalizing the move to the ASI token across multiple blockchain networks.
2. Agentic Discovery Hub Launch (Q4 2025) – A new platform to evaluate AI projects using autonomous agents.
3. Cross-Chain MeTTa Integration (Q4 2025) – Making ASI’s smart contract language work across different blockchains.
4. CUDOS Compute Scaling (Ongoing) – Growing decentralized GPU resources to support AI workloads.

In-Depth Look

1. ASI Token Migration Completion (Q4 2025)

What’s happening:
The final step in moving from the FET token to the ASI token will roll out ASI across Ethereum, Cosmos, and other blockchains. This includes network upgrades and getting exchanges on board. This follows an earlier phase where AGIX and OCEAN tokens merged into FET in July 2024 (ASI Token Migration Guide).

Why it matters:
This unification can improve ASI’s liquidity and usefulness, making it more attractive to big investors. However, there are risks like technical delays when updating validators and getting exchanges to support the new token.

2. Agentic Discovery Hub Launch (Q4 2025)

What’s happening:
Singularity Finance, the DeFi branch of ASI, will launch the Agentic Discovery Hub. This dashboard will track AI projects using real-time data and insights from autonomous agents (MEXC News).

Why it matters:
This could boost adoption by making AI projects more transparent and easier to evaluate, potentially attracting more investment. Success depends on how user-friendly the platform is and how well it integrates with tools like Ocean Protocol’s data markets.

3. Cross-Chain MeTTa Integration (Q4 2025)

What’s happening:
ASI’s programming language, MeTTa, will be developed to work across multiple blockchains like Ethereum, Fetch.ai, and CUDOS. This means smart contracts can operate seamlessly on different networks.

Why it matters:
This is good news for developers, as it simplifies building decentralized apps (dApps) that work across chains. The challenge will be ensuring security while keeping the system flexible.

4. CUDOS Compute Scaling (Ongoing)

What’s happening:
ASI is working with CUDOS to increase decentralized GPU computing power by 50% by the end of 2025. This will help with AI training and running AI models (CUDOS AMA).

Why it matters:
More computing power strengthens ASI’s AI infrastructure. However, if demand doesn’t keep up with supply, it could be a downside. Key indicators to watch include GPU usage rates and partnerships with AI research labs.

Conclusion

ASI’s roadmap focuses on bringing together its technology (token migration, cross-chain tools) and growing its ecosystem (compute resources, DeFi features). These moves could strengthen its role in decentralized AI, but success depends on smooth execution and getting developers on board. The big question: How will ASI manage fast innovation while keeping its decentralized nature as it grows?

What updates are there in the FET code base?

The Artificial Superintelligence Alliance (ASI) is making important progress in building decentralized AI infrastructure with several key technical updates.

1. Cardano Native Token Integration (September 6, 2024) – FET (ASI) is now available as a Cardano Native Token (CNT), with bridges connecting multiple blockchains.
2. ASI-1 Mini LLM Launch (Early 2025) – A lightweight large language model designed for Web3, optimized to run decentralized AI agents efficiently.
3. CUDOS Compute Integration (October 2024) – Expanded decentralized GPU computing resources to support AI workloads.

Deep Dive

1. Cardano Native Token Integration (September 6, 2024)

Overview:
The ASI Alliance launched FET as a Cardano Native Token (CNT), replacing SingularityNET’s AGIX token on the Cardano blockchain. This upgrade allows smooth transfers between Ethereum, Cardano, and Fetch.ai networks through an improved cross-chain bridge.

Technical Details:

• CNT-FET uses Cardano’s Plutus Core smart contracts for enhanced security.
• Tools are available for holders of AGIX and OCEAN tokens to convert their tokens to FET on Cardano.
• This integration improves interoperability, making it easier for decentralized AI services to operate across multiple blockchains.

What this means:
This is a positive development for FET because it simplifies moving tokens across different blockchains, attracts developers from the Cardano community, and strengthens the foundation for AI applications that work across multiple networks. (Source)

2. ASI-1 Mini LLM Launch (Early 2025)

Overview:
ASI-1 Mini is a smaller, more efficient large language model built specifically for Web3 environments. It allows developers to create scalable AI agents without needing powerful hardware.

Technical Details:

• Runs on just two GPUs, lowering the barrier to entry for decentralized AI development.
• Works with Fetch.ai’s Agentverse platform for managing and deploying AI agents.
• Supports MeTTa, a symbolic programming language that enables advanced AI reasoning.

What this means:
This development is good news for FET because it makes AI agent creation more accessible, helps grow the AI ecosystem, and supports ASI’s vision of decentralized superintelligence. (Source)

3. CUDOS Compute Integration (October 2024)

Overview:
CUDOS has joined the ASI Alliance, contributing its decentralized computing network to provide GPU power needed for demanding AI tasks.

Technical Details:

• CUDOS tokens were converted to FET at a ratio of 118.344:1, with a 5% fee applied.
• Validators from CUDOS were redeployed to support ASI’s compute-to-data pipelines.
• This integration offers affordable access to distributed GPU and CPU resources for AI training and workloads.

What this means:
This is a strong positive for FET because it increases decentralized computing power, which is essential for scaling AI agent networks and attracting business applications. (Source)

Conclusion

The ASI Alliance is focusing on building a unified, scalable infrastructure for decentralized AI by improving cross-chain compatibility (with Cardano), providing accessible AI tools (ASI-1 Mini), and expanding decentralized computing resources (CUDOS). With these updates live, the question now is how developers will use these tools to drive growth in AI-powered decentralized economies.