Why did the price of FET fall?

Artificial Superintelligence Alliance (FET) dropped 14.28% in the past 24 hours, performing worse than the overall crypto market, which fell by only 0.61%. The main reasons for this decline are:

1. Legal uncertainty – A lawsuit accuses Ocean Protocol of dumping tokens, creating negative pressure.
2. Overbought correction – Technical signals show the recent price rally may have been too strong, leading to a pullback.
3. Market-wide caution – Investors are avoiding riskier altcoins amid growing fear in the market.

Deep Dive

1. Legal Uncertainty (Negative Impact)

Overview:
On November 4, Fetch.ai filed a lawsuit claiming that Ocean Protocol sold off 263 million FET tokens (worth about $78 million) after converting their OCEAN tokens. This allegedly broke the terms of their partnership and caused distrust among investors, leading to selling pressure.

What this means:
If these claims are true, it could point to bigger governance problems within the Artificial Superintelligence Alliance (ASI). Although FET initially saw a price boost as some traders bought the dip (CoinMarketCap), the ongoing legal issues are now weighing on the price as investors wait for the court’s decision.

What to watch:
Keep an eye on how long the lawsuit takes to resolve and how Ocean Protocol responds. A lengthy legal battle could slow down ASI’s plans for developing AI technology.

2. Overbought Correction (Mixed Impact)

Overview:
On November 7, FET’s Stochastic RSI—a tool that measures if an asset is overbought or oversold—reached 100, indicating it was overbought after a 40% price increase. At the same time, the MACD indicator turned negative, signaling momentum loss.

What this means:
This suggests some traders took profits after the rapid price rise, causing a pullback. However, FET’s price remains above an important support level at $0.28 (the 20-day exponential moving average), showing that buyers are still stepping in at lower prices.

Key metric:
If FET falls below $0.37 (the 50-day exponential moving average) for a sustained period, it could lead to a faster decline toward the $0.28 support level.

3. Market-Wide Risk Aversion (Negative Impact)

Overview:
The crypto Fear & Greed Index is at 24, indicating extreme fear among investors. Altcoins like FET are underperforming Bitcoin, which currently holds a dominant market share of 59.27%. FET’s trading volume dropped by 55% to $500 million in 24 hours, showing less investor interest.

What this means:
Investors are favoring Bitcoin, seen as a safer asset, over riskier altcoins. FET’s 60-day return of -54% reflects this broader trend of reducing exposure to altcoins, made worse by the legal issues facing ASI.

Conclusion

FET’s recent price drop is driven by legal challenges, technical signs of a price pullback, and a cautious crypto market overall. While the Artificial Superintelligence Alliance’s focus on AI technology offers long-term promise, short-term price swings will depend on how the lawsuit unfolds and Bitcoin’s market stability.

Key point to watch: Can FET hold the $0.28 support level if market fear increases?

What could affect the price of FET?

The future price of FET faces uncertainty, balancing between ongoing legal challenges and promising AI technology developments.

1. Legal Challenges – A $286 million lawsuit may keep selling pressure high.
2. Ecosystem Expansion – Launch of the ASI Chain and new tools could increase FET’s usefulness.
3. Token Burns – A $50 million “Earn & Burn” program aims to reduce the number of tokens in circulation.

In-Depth Analysis

1. Legal Issues & Token Selling (Negative Impact)

Overview:
Fetch.ai is suing Ocean Protocol, accusing them of converting 661 million OCEAN tokens into 286 million FET tokens without permission and then selling off 263 million FET tokens (worth over $120 million) between June and July 2025. This led to a sharp 53% drop in FET’s price, falling from a 2024 high of $3.47 to $0.297 as of November 9, 2025.

What this means:

• Ongoing selling pressure: Wallets linked to Ocean Protocol are still moving FET tokens to exchanges like Binance (Bubblemaps), which could keep prices down.
• Regulatory attention: The lawsuit, filed in New York’s Southern District Court, might influence future rules around token management and discourage big investors.

2. ASI Chain & Product Development (Positive Impact)

Overview:
The Artificial Superintelligence Alliance is launching:

• ASI Chain DevNet (beta version live since October 2025), a decentralized blockchain designed to coordinate AI applications.
• Autonomous trading agents and AI portfolio management tools expected by the end of 2025 through Singularity Finance.

What this means:

• Boost in adoption: The new blockchain platform could attract developers creating AI-powered tools, increasing demand for FET tokens.
• New revenue opportunities: Services like compute-to-data, integrated with Ocean Protocol, may create additional uses for FET, driving token value.

3. Tokenomics Changes (Mixed Impact)

Overview:
The $50 million “Earn & Burn” program (source) is designed to reduce the number of FET tokens available by burning tokens collected from ecosystem fees. However, 2.39 billion tokens—about 87% of the total supply—are already circulating.

What this means:

• Short-term price swings: The positive effect of token burns might be offset by ongoing selling linked to the lawsuit.
• Long-term scarcity: If more people start using FET faster than new tokens are released, the reduced supply could push prices higher after 2026.

Conclusion

FET’s price outlook depends heavily on how the legal issues are resolved and whether the ASI Chain delivers on its technical goals. While the $50 million token burn and upcoming AI products offer potential for growth, the lawsuit and a generally weak crypto market (with total market cap dropping 18.8% monthly) present challenges in the near term. Keep an eye on court decisions and progress with the ASI Chain TestNet—if FET’s price breaks above $0.48 (the 100-day exponential moving average), it could signal a return of positive momentum.

Key question: Can ASI’s decentralized AI tools gain enough traction before legal troubles cause investors to lose patience?

What are people saying about FET?

FET is facing legal challenges while traders focus on its price charts. Here’s the latest:

1. Legal issues – Ocean Protocol is accused of selling $120 million worth of FET tokens.
2. Community backing – Fetch.ai’s CEO receives praise for handling the situation openly.
3. Technical signals – Traders see potential signs of a price rebound.
4. Network updates – The ASI Chain DevNet beta is now live.

In-Depth Look

1. Ocean Protocol’s FET token sale causes concern – bearish

According to @enesonchain, Ocean Protocol converted a large amount of its OCEAN tokens into FET and sold $120 million worth after merging. Despite this, Fetch.ai’s CEO has been transparent about the situation.
View original post
What this means: This selling pressure is negative for FET’s price in the short term. However, the CEO’s openness might help protect the project’s reputation over time.

2. Binance activity sparks optimism – bullish

General2024x notes that Binance’s recent moves with FET have pushed its price higher, even as Bitcoin and Ethereum remain steady.
View original post
What this means: Traders see this as a positive sign for FET’s short-term momentum, driven by exchange-related activity.

3. Historical price patterns suggest big potential gains – bullish

A CoinMarketCap Community post highlights that FET is trading in a price range ($0.35–$0.65) that has previously led to massive rallies of up to 15,000%. However, if the price falls below $0.35, this outlook could be invalidated.
View analysis
What this means: If FET holds above $0.35, there’s a strong chance for significant price gains. Currently, the price is slightly below this range, which adds some risk.

4. ASI Chain DevNet beta launch – neutral

The Artificial Superintelligence Alliance (FET) announced early access to the ASI Chain’s Layer 1 blockchain, which aims to support decentralized AI applications.
View announcement
What this means: This is a positive development for FET’s long-term use, but its impact depends on how many developers adopt the platform.

Conclusion

The outlook for FET is mixed. Legal challenges from Ocean Protocol create uncertainty, but technical analysis and new infrastructure developments offer hope. Traders are closely watching the $0.35–$0.65 price range for clues. Keep an eye on upcoming legal updates and the ASI Chain’s progress to see if FET can recover from its recent 59% drop over the past 90 days.

What is the latest news about FET?

FET is navigating through legal challenges and a surge in market interest. Here’s the latest update:

1. Lawsuit Over Token Sales (November 8, 2025) – Fetch.ai has filed a lawsuit against Ocean Protocol, accusing them of dumping FET tokens, which caused price fluctuations.
2. Buyers Push Back Against Legal Issues (November 8, 2025) – Despite the lawsuit, FET’s price jumped 40% as traders actively bought more tokens.
3. Warning Signs from Technical Indicators (November 8, 2025) – FET’s Stochastic RSI reached 100, suggesting the price might pull back soon.

In-Depth Look

1. Lawsuit Over Token Sales (November 8, 2025)

What happened:
Fetch.ai filed a lawsuit in New York accusing Ocean Protocol of converting 661 million OCEAN tokens into 286.4 million FET tokens and then selling 263 million FET tokens. This, they claim, pushed the price down unfairly. The case focuses on alleged breaches of partnership agreements and governance issues within the Artificial Superintelligence Alliance (FET).

Why it matters:
This lawsuit creates uncertainty around the stability of FET’s ecosystem and could affect investor confidence. While the market didn’t react strongly at first, a long legal battle might slow down the development of decentralized AI projects within the alliance. (CoinMarketCap)

2. Buyers Push Back Against Legal Issues (November 8, 2025)

What happened:
Even with the lawsuit news, FET’s price rose 40% to $0.45 as buyers purchased 545 million tokens, outpacing the 493 million tokens sold. The net flow of tokens from exchanges turned negative by $1.35 million, indicating more tokens were being withdrawn from exchanges and held by investors.

Why it matters:
This shows that many traders are optimistic about FET’s potential in AI technology, despite the legal risks. However, for this momentum to last, the alliance needs to resolve its internal conflicts and keep developers engaged. (AMBCrypto)

3. Warning Signs from Technical Indicators (November 8, 2025)

What happened:
FET’s Stochastic RSI—a tool that measures if an asset is overbought or oversold—hit 100, signaling it might be overbought. The price also tested a key resistance level at $0.48. If the price falls below $0.37, it could drop further to around $0.28.

Why it matters:
This suggests the recent price increase might be driven more by short-term buying momentum than by strong fundamentals. Traders should watch if FET stays above $0.37 or if some investors start taking profits.

Conclusion

FET’s recent price jump amid legal challenges highlights the high-risk, high-reward nature of the crypto market. While excitement around decentralized AI keeps interest strong, overbought signals and ongoing disputes within the Artificial Superintelligence Alliance could impact FET’s future. Will the AI vision keep driving growth, or will legal battles shape what’s next?

What is expected in the development of FET?

Here’s what’s coming for the Artificial Superintelligence Alliance (FET):

1. Agentic Discovery Hub (Q4 2025) – An AI-powered platform to help users find and evaluate AI projects easily.
2. ASI Chain TestNet (2025–2026) – A new decentralized blockchain designed to support AI coordination and interaction.
3. Legal Proceedings (Ongoing) – A lawsuit involving Ocean Protocol’s alleged sale of FET tokens that may affect the market.

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 use smart AI tools to create interactive dashboards where users can explore and assess AI projects based on real-time data and performance (MEXC News).

What this means:
This development is positive for FET because it could attract more developers and investors by making it easier to discover promising AI projects. However, its success depends on how well users engage with the platform and how smoothly it works.

2. ASI Chain TestNet (2025–2026)

Overview:
The ASI Chain DevNet entered a closed beta phase in October 2025, with a public TestNet expected by late 2025 or early 2026. This blockchain is designed to support decentralized AI coordination, allow different blockchains to work together, and enable AI-driven economic activities (ASI Alliance).

What this means:
This is cautiously optimistic news for FET. If the ASI Chain launches successfully, it could strengthen the Alliance’s position in AI infrastructure. However, any delays or technical problems could slow down progress and affect confidence.

3. Legal Proceedings (Ongoing)

Overview:
A class-action lawsuit claims that Ocean Protocol, a former member of the ASI Alliance, sold $120 million worth of FET tokens after merging, which may have caused price instability. The outcome of this case could influence FET’s market liquidity and trust among partners (CoinMarketCap).

What this means:
This situation is a short-term risk for FET due to uncertainty. However, if the case resolves favorably, it could help restore investor confidence.

Conclusion

The Artificial Superintelligence Alliance is focusing on building stronger AI infrastructure with the ASI Chain and improving tools for the community through the Agentic Discovery Hub. At the same time, ongoing legal challenges present some risks. Keep an eye on the progress of the TestNet and legal updates to understand where FET is headed. The big question remains: can decentralized AI technology overcome these hurdles and drive growth?

What updates are there in the FET code base?

Artificial Superintelligence Alliance (FET) is making important progress in building decentralized AI infrastructure with several key updates:

1. ASI Chain DevNet Beta (Oct 25, 2025) – A closed beta for their decentralized Layer 1 blockchain is now live for developers.
2. Cardano Native Token Launch (Sept 6, 2024) – $FET is now a native token on the Cardano blockchain.
3. ETH Global Developer Challenge (Aug 15, 2025) – A $10,000 prize pool encouraged developers to build with ASI tools.

In-Depth Look

1. ASI Chain DevNet Beta (Oct 25, 2025)

What’s new: The Alliance has launched a closed beta version of ASI Chain, their decentralized Layer 1 blockchain. This beta is aimed at developers and node operators who get early access to essential tools like a blockchain explorer, web wallet, and faucet (a tool to get test tokens).

This is an early step toward a full TestNet, focusing on a modular design that supports AI agent coordination and works across different blockchains. The goal is to create a solid foundation for decentralized AI applications that can scale.

Why it matters: This is a positive sign for FET because it speeds up the development of AI-powered apps on their platform, attracting developers and proving the project’s technical plans are on track. (Source)

2. Cardano Native Token Launch (Sept 6, 2024)

What’s new: The $FET token was rebranded under the Artificial Superintelligence Alliance and launched as a native token on Cardano, replacing the previous SingularityNET token (AGIX). They also introduced tools to help users migrate tokens and a bridge to transfer tokens between Ethereum and Cardano smoothly.

This move takes advantage of Cardano’s strong security and ability to handle many transactions, with plans to build future ASI products using Cardano’s smart contract platform, Plutus Core.

Why it matters: This update is neutral for FET right now. It improves token usability across blockchains but depends on the community adopting the migration tools. Over time, it should make the platform more accessible to developers who focus on Cardano. (Source)

3. ETH Global NY Developer Challenge (Aug 15, 2025)

What’s new: The Alliance sponsored a $10,000 prize pool at ETH Global NY to encourage developers to build projects using ASI tools like ASI:One, MeTTa, and Agentverse. The challenge focused on creating multi-agent AI systems and decentralized AI marketplaces.

Winning projects showed advanced features such as coordinating AI agents across different blockchains and protecting data privacy using Ocean Protocol’s Compute-to-Data technology.

Why it matters: This is a strong positive for FET because it promotes innovation within the ecosystem and highlights real-world applications for autonomous AI agents. (Source)

Summary

These updates show that FET is strategically advancing decentralized AI infrastructure by combining cross-chain compatibility with developer-friendly tools. While the Cardano token launch broadens the platform’s reach, the ASI Chain DevNet beta and developer challenges demonstrate growing technical progress. The key question now is how quickly these developments will lead to active use on the live network.