What Happened To Fetch (FET) Crypto?
There’s been a big shake-up around FET lately after Ocean Protocol suddenly pulled out of the Artificial Superintelligence Alliance on October 9, 2025. The move hit the market hard, sending FET crashing while OCEAN pumped. Turns out, Ocean sold about 500 million FET tokens to boost liquidity for their own coin, and that sale got exposed during an ASI investigation.
Community Update – FET Market Activity & Alliance Status
Dear ASI Alliance Community,
As many of you have seen, Ocean Protocol has chosen to step away from the ASI Alliance. In parallel, there’s been noticeable market activity involving large transfers of FET tokens from…
— Artificial Superintelligence Alliance (@ASI_Alliance) October 14, 2025
Despite the chaos, the alliance confirmed that the remaining locked tokens are still safe. TRNR, a treasury company, has only bought around 10 percent of what they plan to, and the ASI Alliance is rolling out new utility features in the coming weeks that could push the price back up.
There’s also talk of an upcoming ETF, which might not directly move the price but could attract more investors to the space. The investors believes the worst is over since most of the dumped tokens are already absorbed into the market, and any leftovers won’t do much damage. Plus, the alliance is even considering buybacks or token burns to stabilize FET and rebuild confidence.
Can FET Coin Recover From This? Price Prediction
FET chart is in a rough downtrend that has been bleeding for a while, but it is finally dipping into a strong demand zone around $0.31. The price action is forming something like a falling wedge, which usually points to a potential reversal once momentum shifts.
That lower shaded area is important since it is where buyers stepped in hard before, so a bounce here would not be a surprise. If bulls can hold this zone, a quick push toward $0.45 to $0.55 could happen, especially with a volume boost. But if it drops clean under $0.30, the short-term outlook turns ugly, and it could fall further before finding real support. Right now, it is either setting up for a bottom and rebound or getting ready for another leg down if buyers fail to defend this level.
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Key Takeaways
- dropped over 22% after Ocean Protocol exited the ASI Alliance and sold around 500 million tokens, shaking investor confidence.
- The ASI team says locked tokens remain safe and is planning new utilities, possible buybacks, and burns to stabilize FET and rebuild momentum.
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