Why did the price of FET fall?

Artificial Superintelligence Alliance (FET) dropped 1.04% in the last 24 hours, adding to a 10.89% decline over the past week. The main reasons include:

1. Profit-taking after ETP launch – Investors sold off after 21Shares introduced the AFET ETP.
2. Technical breakdown – The price fell below an important support level at $0.612.
3. Overall market weakness – The total crypto market cap slipped 0.43%, with altcoins underperforming.

In-Depth Analysis

1. Profit-Taking After ETP Launch (Negative Impact)

What happened: After 21Shares launched the AFET ETP on September 17 (Yahoo Finance), FET’s price dropped 8.4% over the week. While ETPs usually indicate growing interest from big investors, many traders took profits quickly—a common reaction known as “sell the news.”

Why it matters: Short-term investors likely sold their holdings after the launch, putting downward pressure on the price. Trading volume also dropped by nearly 35% to $52.8 million, showing less buying activity to support the price.

2. Technical Breakdown (Negative Impact)

What happened: FET’s price fell below the key support level of $0.612, which had been an important price floor (Bitrue). Key technical signals include:

• RSI-7 at 36.2, indicating the coin is oversold but not yet showing signs of recovery.
• MACD shows a bearish crossover with a negative histogram (-0.0082), signaling downward momentum.
• Moving averages: The price is below both the 7-day average ($0.599) and the 30-day average ($0.629).

Why it matters: Breaking this support level likely triggered automatic sell orders and reduced trader confidence. The next support level, based on Fibonacci retracement, is around $0.573, which is close to the current price of $0.574.

3. Overall Market Weakness (Mixed Impact)

What happened: The total cryptocurrency market cap decreased by 0.43% in 24 hours. Altcoins, including FET, underperformed, with the Altcoin Season Index down 14.1% over the week. The Fear & Greed Index is at 34, indicating “Fear,” which generally favors safer assets like Bitcoin over riskier altcoins.

Why it matters: Despite FET’s focus on AI, the broader market uncertainty has limited enthusiasm. For example, NVIDIA’s recent Q2 earnings report did not boost AI-related tokens (CCN), showing some fatigue in this sector.

Conclusion

FET’s recent price drop is due to a combination of profit-taking after its ETP launch, technical breakdowns below key support, and weak sentiment in the altcoin market. The $0.573 support level is crucial to watch for potential stabilization. Key question: Can FET maintain its position within the 2025 accumulation zone ($0.35–$0.65) despite lower trading activity?

What could affect the price of FET?

The price of FET depends on how widely AI is adopted, changes in its token system, and overall trends in the cryptocurrency market.

1. ASI Token Migration (Mixed Effects)
2. Competition in AI Sector (Potential Downside)
3. Regulatory Challenges (Possible Negative Impact)

In-Depth Look

1. ASI Token Migration & $50M Buyback Program (Mixed Effects)

What’s Happening:
The Artificial Superintelligence Alliance (FET) is moving its tokens to a new ASI token. This involves combining with other projects like SingularityNET (AGIX) and Ocean Protocol (OCEAN) at set exchange rates. They’ve also launched a $50 million “Earn & Burn” program (ASI Alliance) to reduce the number of tokens by burning some collected from fees.

What It Means:
If the migration goes well, it could simplify management and increase the token’s usefulness. However, there might be short-term price swings as holders of AGIX and OCEAN swap their tokens. The burning of tokens could help balance out the increase in supply, but if the process is delayed, some holders might sell off their old tokens, putting downward pressure on the price.

2. Competition in AI Sector & Institutional Interest (Potential Downside)

What’s Happening:
FET faces competition from other AI-focused crypto projects like Bittensor (TAO) and Render (RNDR). Institutional investors have shown interest, for example through 21Shares’ AFET ETP (Yahoo Finance). However, even strong earnings reports from companies like NVIDIA haven’t always boosted AI-related tokens, showing how sensitive this sector is to traditional financial market moods.

What It Means:
Projects like TAO, which rose 58% in June 2025, and Ethereum-based AI tokens could attract investment away from FET. With a market cap of $1.37 billion, FET trails TAO’s $3.33 billion, so it needs to make significant progress in AI adoption to stay competitive.

3. Market Sentiment & Regulatory Risks (Possible Negative Impact)

What’s Happening:
The overall cryptocurrency market dropped 6.21% last week to $3.78 trillion, with FET falling 11.15%. Fear levels among investors are moderate (CMC Fear & Greed Index at 34). Additionally, potential new regulations around AI and data privacy could create challenges.

What It Means:
Because FET’s price is closely linked to Bitcoin (BTC) with a 57.71% correlation, it is vulnerable to broad market downturns. Stricter rules on AI and data could slow down the development of decentralized AI agents. Still, FET’s design across multiple blockchains like Ethereum and Cosmos gives it some flexibility to adapt.

Conclusion

FET’s future depends on successfully completing its ASI token migration while dealing with a cooling AI crypto market and uncertain overall market conditions. Keep an eye on how quickly the ASI migration progresses and trends in AI interest on Google for early signs of renewed demand. The key question is whether FET’s decentralized AI agent network can outperform centralized AI competitors.

What are people saying about FET?

The community around Artificial Superintelligence Alliance (FET) is divided between hope for a price breakout and concerns about possible consolidation. Here’s what’s currently trending:

1. Traders see $0.74 as a critical price point
2. A $50 million token buyback boosts long-term confidence
3. A $500 million institutional investment signals strategic growth

In-Depth Look

1. Testing the $0.74 Resistance Level – Positive Signs

According to @CryptoChartist, FET’s price is currently moving between $0.717 and $0.74. Breaking above $0.74 could lead to momentum pushing the price toward $0.82.
– @CryptoChartist (12.4K followers · 28K impressions · August 17, 2025)
View original post
What this means: If FET can maintain buying pressure above $0.74, it may confirm a positive trend reversal. However, if it fails, the price might drop back to test support around $0.705.

2. $50 Million Buyback Shows Strong Commitment

The Fetch.ai Foundation announced a $50 million buyback of FET tokens to help stabilize prices ahead of its merger with Artificial Superintelligence Alliance (ASI).
– @Fetch_ai (Official · June 19, 2025)
View announcement
What this means: This buyback reduces the number of tokens available on the market, which can support the price. It also signals confidence in the long-term value of the combined ASI ecosystem.

3. $500 Million Institutional Investment Highlights Growth Potential

Interactive Strength, a Nasdaq-listed firm, plans to acquire $500 million worth of FET tokens to support AI infrastructure development. So far, $55 million has been committed by institutional investors.
– @AMBCrypto (June 13, 2025)
View analysis
What this means: This large-scale investment shows strong institutional support for FET. It also reduces the number of tokens held on exchanges, which can limit selling pressure and support price stability.

Conclusion

The outlook for FET is mixed. On one hand, buybacks and big institutional investments are positive signs. On the other, the price faces near-term resistance at $0.74. Traders are watching this level closely to see if upward momentum continues. Long-term holders are focused on the benefits expected from the ASI merger. Keeping an eye on whether FET stays above its 50-day moving average (around $0.69) can help gauge market sentiment.

What is the latest news about FET?

FET is navigating growing interest from institutions and some technical challenges as AI partnerships expand. Here are the key updates:

1. AFET ETP Launch (September 17, 2025) – 21Shares introduced Europe’s first AI Alliance ETP, with trading prices between $0.60 and $0.66 after launch.
2. CUDOS Compute Partnership (June 25, 2025) – Working together to speed up decentralized GPU infrastructure for AI applications.
3. ETHGlobal Developer Challenge (August 15, 2025) – $10,000 prizes awarded for projects integrating ASI:One and Agentverse platforms.

In-Depth Look

1. AFET ETP Launch (September 17, 2025)

What happened:
21Shares launched the Artificial Superintelligence Alliance ETP (AFET) on major European exchanges including Euronext Amsterdam/Paris and SIX Swiss Exchange. This investment product tracks several AI-focused cryptocurrencies like FET, AGIX, OCEAN, and CUDOS, giving institutions a way to invest in decentralized AI technologies.

Why it matters:
This is positive for FET’s market liquidity and visibility. AFET could attract over $100 million in assets under management, based on 21Shares’ history with similar products totaling $11 billion. However, FET’s price dropped 8.4% to $0.60 right after the launch, down from $0.66, likely due to some early investors selling shares (Indodax).

2. CUDOS Compute Partnership (June 25, 2025)

What happened:
The Artificial Superintelligence Alliance teamed up with CUDOS to develop decentralized GPU (graphics processing unit) infrastructure. GPUs are essential for training AI models, and this partnership aims to improve how computing resources are shared and used by autonomous AI agents.

Why it matters:
This is a neutral to positive development for the long term. It addresses a major challenge in decentralized AI by improving computing power availability. While it hasn’t affected FET’s price immediately, it strengthens the case for FET’s usefulness ahead of upcoming milestones in the ASI Chain roadmap for 2026 (CoinMarketCap).

3. ETHGlobal Developer Challenge (August 15, 2025)

What happened:
ASI sponsored a $10,000 prize pool at ETHGlobal New York, encouraging developers to build projects using ASI:One (an AI interface) and Agentverse (a marketplace for AI agents). Winning projects included tools that optimize supply chains using multiple AI agents.

Why it matters:
This is a positive sign for the growth of the FET ecosystem, although developer activity (measured by GitHub updates) has stayed steady since mid-2025. The event shows FET’s shift toward building practical AI tools rather than just focusing on speculation (ASI Alliance).

Conclusion

FET is balancing growing interest from institutional investors, as seen with the AFET ETP, with ongoing technical development. Partnerships and developer events are helping build the foundation for decentralized AI infrastructure. The current price range of $0.57 to $0.66 reflects cautious optimism as the community looks forward to the launch of the Agentic Discovery Hub in Q4. The big question remains: Can ASI’s modular AI tools compete with NVIDIA’s dominance in centralized AI computing?

What is expected in the development of FET?

The Artificial Superintelligence Alliance’s roadmap is focused on building decentralized AI infrastructure and growing its ecosystem. Key upcoming milestones include:

1. Agentic Discovery Hub (Q4 2025) – An interactive platform to help users find and evaluate AI projects.
2. Cross-Chain MeTTa Compatibility (Q4 2025) – Expanding a smart contract language to work across different blockchains.
3. Decentralized Compute Layer (2025–2026) – A scalable network to handle AI and machine learning workloads.

Deep Dive

1. Agentic Discovery Hub (Q4 2025)

Overview: Expected in late 2025, this platform will offer dashboards with key performance indicators (KPIs) and an AI-powered interface. It’s designed to help users discover and assess decentralized AI projects easily. The goal is to make it simpler to invest in promising AI startups within the ASI ecosystem (MEXC News).
What this means: This is a positive development for FET, as it could attract both developers and investors by providing clear, data-driven insights. This would increase FET’s role as the token used for governance and transactions within the ecosystem.

2. Cross-Chain MeTTa Compatibility (Q4 2025)

Overview: The alliance plans to make MeTTa—a smart contract language based on logic—work across multiple blockchains. This feature is currently being researched and aims for a rollout by the end of 2025 (MEXC News).
What this means: This could be moderately to very positive for FET, as it would allow the token to be used in more places and for more purposes. However, success depends on smooth implementation. Any delays or technical challenges could slow down the benefits in the short term.

3. Decentralized Compute Layer (2025–2026)

Overview: In collaboration with CUDOS, the alliance is developing a decentralized computing network to support AI and machine learning tasks. While there’s no fixed deadline, updates suggest it could be ready within 12 to 18 months (ASI Alliance).
What this means: This is a promising long-term development. A scalable compute network could make FET an essential tool for AI developers. However, it faces competition from centralized cloud services like AWS, which are well-established.

Conclusion

The Artificial Superintelligence Alliance is focused on creating tools that make AI development and investment more accessible, with FET playing a central role in governance and utility. The upcoming projects in late 2025, like the Agentic Discovery Hub and MeTTa upgrades, are important steps. Meanwhile, the decentralized compute layer could significantly expand FET’s role in the AI space. Market conditions will likely influence how quickly these plans come to life.

What updates are there in the FET code base?

Recent updates focus on expanding cross-chain capabilities and building decentralized AI infrastructure.

1. Cross-Chain MeTTa Integration (Q3 2025) – Allows smart contracts to work across multiple blockchains.
2. ASI Chain Modular Launch (July 2025) – A new blockchain designed for AI agent economies and coordination.
3. Autonomous Trading Agents (July 2025) – Smart contracts that automate DeFi trading strategies without needing custody of funds.

Deep Dive

1. Cross-Chain MeTTa Integration (Q3 2025)

Overview: The Artificial Superintelligence Alliance (FET) is expanding its MeTTa programming language, which powers AI agent logic, to work smoothly across popular blockchains like Ethereum and Cardano.

This means developers can write AI programs once and deploy them on multiple blockchains without extra work, helping unify operations like data analysis and transactions across different networks.

What this means: This is a positive development for FET because it increases the reach of developers and improves interoperability—a major challenge for decentralized AI. Users will benefit from AI tools that work seamlessly across different blockchain ecosystems without needing manual connections.
(Source)

2. ASI Chain Modular Launch (July 2025)

Overview: The Alliance launched ASI Chain, a new modular blockchain designed specifically for coordinating AI agents. It combines features from Fetch.ai’s autonomous technology, Ocean Protocol’s data governance, and CUDOS’ decentralized computing power.

ASI Chain uses a hybrid consensus system that balances validating AI workloads with fast transaction speeds. Early tests show it can handle 2,400 transactions per second with final confirmation in under 3 seconds.

What this means: This is good news for FET because it creates a dedicated platform for AI-related projects that need specialized infrastructure. Users will experience faster and more affordable AI-driven transactions.
(Source)

3. Autonomous Trading Agents (July 2025)

Overview: The first phase of autonomous, non-custodial trading agents is now live. These let users automate trading strategies like arbitrage and liquidity provision using easy-to-use, no-code templates.

These agents operate on decentralized exchanges (DEXs) such as Uniswap and PancakeSwap. Users can set risk limits through a simple interface. Backend improvements have also cut gas fees by 37% for these operations.

What this means: This is a win for FET because it makes algorithmic trading accessible to everyday users, encouraging more participation. Users save time and reduce fees while gaining access to advanced trading tools typically used by institutions.
(Source)

Conclusion

The Artificial Superintelligence Alliance (FET) is focusing on making its technology more flexible across blockchains and building infrastructure tailored for AI applications. With MeTTa’s cross-chain expansion and the launch of ASI Chain, FET strengthens its position as the backbone of this growing ecosystem. The big question is how these updates will help FET compete with centralized AI platforms in the future.