Why did the price of FET go up?

Artificial Superintelligence Alliance (FET) increased by 5.50% in the last 24 hours, outperforming the overall crypto market, which rose by 1.08%. This recovery follows a sharp 52% drop between October 9 and 21, caused by internal issues within the alliance. The main factors behind this rebound are:

1. Oversold technical bounce – The Relative Strength Index (RSI) at 25 indicates the coin was heavily undervalued.
2. Legal clarity hopes – Fetch.ai’s CEO is pushing for transparency in a legal dispute involving Ocean Protocol tokens.
3. Market rotation – AI-related tokens are recovering as Bitcoin’s market dominance slightly decreases (-0.09% in 24 hours).

Deep Dive

1. Oversold Technical Rebound (Mixed Impact)

Overview: FET’s 5.50% rise in 24 hours comes after a steep 55.1% drop over the past 30 days. The RSI7 value is 27.74, showing the coin was oversold, and the price bounced near a key support level at $0.249 (known as the Fibonacci 78.6% level).

What this means: When a coin is oversold, it often leads to short-term price rebounds as traders buy at lower prices or close out short positions. However, FET’s price is still below important moving averages, like the 30-day simple moving average (SMA) at $0.444, indicating the overall trend remains weak.

What to watch: If FET’s price closes above $0.28 (the 23.6% Fibonacci level), it could signal a shift toward stronger momentum.

2. Legal Action Against Ocean Protocol (Bullish Sentiment)

Overview: On October 22, Fetch.ai’s CEO Humayun Sheikh intensified legal efforts regarding Ocean Protocol’s alleged $120 million liquidation of FET tokens. He has committed to funding class-action lawsuits (source).

What this means: This legal dispute initially caused a loss of confidence, leading to FET’s 52% price drop after October 9. However, recent moves toward transparency and community support (see @enesonchain tweet) are helping ease concerns about uncontrolled token sales.

What to watch: How Binance manages OCEAN token deposits after October 20 and the results of any arbitration processes.

3. AI Token Sector Rotation (Neutral Catalyst)

Overview: FET’s price increase coincides with other AI-focused tokens like Bittensor (TAO) and Ethena (ENA) gaining 30% and 27% over the past week, as investors shift funds into AI projects with practical uses.

What this means: Although overall market sentiment remains cautious (Fear & Greed Index at 32), selective buying in AI tokens suggests interest driven by the AI narrative. FET’s 24-hour trading volume rose 4.74% to $136 million, showing renewed market attention.

Conclusion

FET’s recent rebound is a mix of technical price correction and cautious optimism about the leadership’s efforts to manage fallout from the Ocean Protocol controversy. However, resistance levels above and ongoing alliance issues may limit further gains.

Key watch: Will FET maintain support at $0.26 amid ongoing legal uncertainties and Bitcoin’s strong market dominance at 59%?

What could affect the price of FET?

FET is facing a mix of challenges from partnership issues and growing interest in AI technology.

1. Alliance Problems – Ocean Protocol left the Artificial Superintelligence Alliance and reportedly sold $120 million worth of FET tokens, causing legal disputes and price drops (AMBCrypto).
2. Token Buyback Plans – Fetch.ai is planning a $50 million buyback of FET tokens, which could help stabilize the price if carried out (CoinMarketCap).
3. AI Adoption Boost – The launch of the ASI-1 Mini AI model and incentives from the ETHGlobal hackathon may increase demand for FET.

In-Depth Analysis

1. Alliance Instability (Negative Impact)

What Happened?
On October 9, 2025, Ocean Protocol left the Artificial Superintelligence Alliance, causing FET’s price to drop 52% to $0.27. Data shows Ocean Protocol converted a large amount of its OCEAN tokens into FET—about $120 million worth—and sold them on exchanges like Binance (Bubblemaps). This has led to legal battles and shaken trust within the community.

Why It Matters
The ongoing selling pressure from these token sales and unresolved legal issues could keep FET’s price low for a while. Also, the total number of FET tokens available increased by about 12%, which reduces the value for current holders.

2. Changes in Token Economics (Mixed Impact)

What’s Going On?
Fetch.ai plans to buy back $50 million worth of FET tokens to reduce the number of tokens available for sale, which could help support the price. However, the planned merger of tokens from FET, AGIX, and OCEAN is still incomplete, with 270 million OCEAN tokens yet to be converted. This creates a risk of too many tokens flooding the market (The Block).

Why It Matters
If the buyback happens successfully, it might temporarily raise FET’s price. But delays in the token merger and upcoming token unlocks over the next few months could counteract these gains.

3. Growing AI Use Cases (Positive Impact)

What’s New?
The alliance recently introduced ASI-1 Mini, an affordable AI model designed for decentralized applications. They also partnered with ETHGlobal NY to support AI agent development. FET’s Relative Strength Index (RSI) is at 29.1, indicating the token is oversold, which often signals a potential price rebound when combined with positive news.

Why It Matters
If AI tools powered by FET gain real-world use—like decentralized trading bots or data analysis tools—it could attract more investors. FET’s price has shown a strong correlation (+0.72) with NVIDIA, a major AI-focused tech company, suggesting it could benefit if AI stocks perform well.

Conclusion

FET’s future price depends on resolving alliance disputes, successfully completing token buybacks, and proving the value of its AI products. While the token is currently oversold and AI interest is growing, it’s important that FET holds its support range between $0.26 and $0.35 to avoid further declines. Keep an eye on updates about Ocean Protocol’s legal case and the adoption of the ASI-1 Mini model. Will Fetch.ai’s legal efforts restore trust before competitors like Bittensor take the lead in decentralized AI?

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What are people saying about FET?

The community around Artificial Superintelligence Alliance (FET) is caught between optimism about its AI goals and worries about cracks forming in its partnerships. Here’s what’s currently important:

1. Ocean Protocol’s departure raises concerns about alliance stability
2. Traders are watching $0.35 as a critical support level
3. Leadership transparency is praised despite token sell-off rumors

In-Depth Look

1. Ocean Protocol’s Exit Shakes ASI’s Foundation — Bearish

According to @enesonchain, Ocean Protocol sold $120 million worth of FET tokens through over-the-counter and centralized exchanges after merging, which has weakened the unity of the Artificial Superintelligence Alliance. Despite this, the legal efforts led by @HMsheikh4 have earned respect from the community.
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What this means: This is a negative sign for FET as the alliance’s credibility takes a hit. However, the transparent handling of the situation might help reduce long-term damage to its reputation.

2. Key Price Level at $0.35 Holds the Future — Mixed

Chart analyst @ali_charts explains that since March 2025, FET has been trading within a symmetrical triangle pattern. If the price stays above $0.67, it could rise to $1.25 or more. But if it falls below $0.35, there’s a risk of an 80% drop.
(Data source: Cryptofrontnews, 2025-08-02)
What this means: The outlook is neutral for now. Traders are waiting to see if FET can break above $0.78 resistance or fall below $0.35 support. The Relative Strength Index (RSI) at 46.44 suggests some accumulation, meaning investors might be quietly buying.

3. AI Product Roadmap Brings Optimism — Bullish

The @ASI_Alliance shared that Singularity Finance plans to launch AI-powered portfolio management tools and cross-chain AI agents in the third quarter of 2025. This effort is supported by $500 million in institutional funding from TRNR.
(Source: MEXC News, 2025-07-18)
What this means: This is a positive development if the AI products gain traction. However, FET’s recent 55% drop over 30 days shows that some investors are skeptical about how quickly these plans will come to fruition.

Conclusion

The overall sentiment around FET is mixed. On one hand, there’s excitement about the ambitious AI integration roadmap. On the other, concerns linger about liquidity issues following Ocean Protocol’s exit. The current price range between $0.35 and $0.65 resembles a buildup phase seen in 2021, but weakened partnerships and a cautious market (Fear & Greed Index at 32) suggest investors should be careful. Keep an eye on whether FET can close above $0.67 this week — holding this level could indicate smart investors are accumulating ahead of the Q3 product launches.

What is the latest news about FET?

FET is facing challenges as internal alliance conflicts and market pressures impact its value. Here are the key updates:

1. Ocean Protocol Accused of Dumping $120M in FET Tokens (October 21, 2025) – Allegations have led to legal threats and community concerns.
2. Ocean Protocol Leaves ASI Alliance (October 9, 2025) – This breakup caused FET’s price to drop by 30% in one week.
3. FET Hits Lowest Price in Years (October 20, 2025) – Ongoing tensions between the U.S. and China, along with a sell-off in AI-related tokens, have worsened the decline.

In-Depth Look

1. Ocean Protocol Accused of Dumping $120M in FET Tokens (October 21, 2025)

What happened:
A blockchain analytics company, Bubblemaps, reported that Ocean Protocol converted a large amount of its tokens (661 million OCEAN) into 286 million FET tokens, worth about $120 million, and moved these tokens to exchanges like Binance and GSR Markets between August and October 2025. The CEO of Fetch.AI, Humayun Sheikh, called this a possible “rug pull,” which means a sudden sell-off that harms investors. This accusation came after Ocean left the Artificial Superintelligence Alliance (ASI).

Why it matters:
This situation is negative for FET because it damages trust in the ASI Alliance’s management. After the allegations, FET’s price dropped by 52%, falling from $0.55 to $0.27. Ocean Protocol has responded with legal statements, but the uncertainty remains (source).

2. Ocean Protocol Leaves ASI Alliance (October 9, 2025)

What happened:
Ocean Protocol decided to leave the ASI Alliance, citing differences in token management strategies. They also announced plans to relist their OCEAN token on exchanges. Binance stopped accepting OCEAN deposits, and about 270 million OCEAN tokens, worth $70 million, are still in circulation but not converted.

Why it matters:
Ocean’s departure breaks the unity of the AI-focused coalition, which weakens the overall vision and use case for FET. The price of FET dropped 3.2% immediately and continued to fall by 43% over the week (source).

3. FET Hits Lowest Price in Years (October 20, 2025)

What happened:
FET’s price fell 30% over the week to $0.27, its lowest level since 2023. This drop happened amid rising trade tensions between the U.S. and China and a broader sell-off in AI-related cryptocurrencies. The technical support level at $0.50 was broken, and indicators show the token is oversold.

Why it matters:
The continued price decline shows decreasing confidence in FET’s future after the ASI split. Analysts point out that another AI-focused token, Bittensor (TAO), is now leading the decentralized AI space, trading at four times FET’s market value (source).

Conclusion

FET is currently dealing with a trust crisis caused by internal conflicts within the alliance and accusations of large token sell-offs, all while facing broader market pressures on AI tokens. Although technical indicators suggest a possible short-term price rebound, rebuilding investor confidence will depend on clear legal outcomes and new partnerships. The big question remains: Can Fetch.AI’s efforts to be transparent overcome the negative impact of Ocean Protocol’s exit?

What is expected in the development of FET?

The Artificial Superintelligence Alliance’s roadmap focuses on growing its ecosystem, building AI infrastructure, and rolling out key projects.

1. Agentic Discovery Hub (Q4 2025) – A platform to discover and evaluate AI projects using easy-to-understand performance dashboards.
2. Cross-Chain MeTTa Integration (2025) – Making smart contracts work smoothly across different blockchain networks.
3. Neural-Symbolic AI Advancements (2026) – Developing advanced AI systems that combine learning and logical reasoning on decentralized networks.

Deep Dive

1. Agentic Discovery Hub (Q4 2025)

Overview:
Singularity Finance, the financial branch of the ASI Alliance, plans to launch the Agentic Discovery Hub by the end of 2025. This platform will offer clear, interactive dashboards powered by autonomous agents, helping users find and assess AI projects easily. It builds on tools introduced earlier in 2025, like AI portfolio management and yield vaults (MEXC News).

What this means:
This is positive news for FET, as it adds more value to the ecosystem and could attract more investment. However, its success depends on how user-friendly the platform is and how well it integrates with existing ASI tools like Agentverse.

2. Cross-Chain MeTTa Integration (2025)

Overview:
The alliance is working on making MeTTa, its smart contract language, compatible across multiple blockchains like Ethereum and Solana. This effort aims to connect decentralized AI workflows across different networks, reducing fragmentation (Singularity Finance Roadmap).

What this means:
This development is cautiously optimistic for FET. If successful, it could make FET a key player in cross-chain AI coordination. However, the technical challenges and competition from other standards like CosmWasm could slow progress.

3. Neural-Symbolic AI Advancements (2026)

Overview:
The alliance is focused on expanding its Hyperon AI framework, which combines machine learning with logical reasoning. This long-term project aims to create decentralized artificial general intelligence (AGI) systems that can make decisions in real time on the blockchain (ASI Roadmap 2025).

What this means:
This is promising for FET’s long-term value if the alliance meets its goals. However, there are risks due to the lengthy research and development process and the uncertainty around these advanced AI technologies.

Conclusion

The Artificial Superintelligence Alliance is shifting focus from merging projects (like Ocean Protocol’s exit) to expanding its ecosystem. The upcoming launch of the Agentic Discovery Hub in late 2025 is a key milestone. Long-term success will depend on achieving smooth cross-chain compatibility and breakthroughs in AI models. The big question remains: how will the alliance balance decentralized governance with the technical challenges as it pushes toward advanced AI?

What updates are there in the FET code base?

Recent updates focus on improving cross-chain compatibility and boosting AI agent performance.

1. Cardano Native Token Launch (September 2024) – Introduced $FET as a native token on the Cardano blockchain, allowing easier movement between different blockchains.
2. ASI-1 Mini Performance Upgrade (April 2024) – Enhanced hardware efficiency for AI agents, making apps run smoother and scale better.

Deep Dive

1. Cardano Native Token Launch (September 2024)

Overview: The Artificial Superintelligence Alliance (FET) launched $FET as a native token on Cardano, replacing SingularityNET’s $AGIX token on that network. This change allows users to transfer tokens seamlessly between Ethereum and Cardano using an improved bridge.

The update also includes tools to help users convert $AGIX to $FET directly and better liquidity options. Developers can now build applications within the ASI ecosystem on Cardano’s secure and cost-effective platform.

Why it matters: This is a positive development for $FET because it makes the token more accessible to developers and users across multiple blockchains. It reduces dependence on any single network, which helps avoid slowdowns and congestion.
(Source)

2. ASI-1 Mini Performance Upgrade (April 2024)

Overview: The ASI-1 Mini update improved how AI agents use hardware by automating resource management and speeding up task completion. This reduces delays in decentralized apps.

Developers can now create AI applications that scale more efficiently while lowering computing costs. The update also introduced smarter ways to use hardware, which benefits those running network nodes by cutting expenses.

Why it matters: This update is neutral for $FET’s value right now. While it improves technical performance, wider adoption depends on how much the ecosystem grows. Over time, faster and cheaper AI processes could attract more developers.
(Source)

Conclusion

The Artificial Superintelligence Alliance (FET) is focused on making its technology work smoothly across different blockchains and improving AI infrastructure. While recent updates don’t introduce major breakthroughs, they lay important groundwork. The key question remains: how will the growth of decentralized AI impact $FET’s usefulness beyond just its token value?