Overview
- FET, the token used by the Artificial Superintelligence Alliance, traded near $0.24–$0.25 with 24-hour volume between about $150 million and $262 million after a sector bounce.
- Recent on-chain readings showed a net outflow of roughly 1.5 million tokens from exchanges and reserves near a cycle low, though earlier reporting pointed to rising reserves, leaving supply signals mixed.
- Large holders placed frequent spot orders around $0.20–$0.22 that skewed sell-side, creating a supply band where rallies have met steady profit-taking.
- Analysts flagged $0.25–$0.28 as the near-term ceiling that could trigger momentum buying if cleared, with $0.30 to $0.40 cited as possible targets.
- Project updates framed FET as central to a planned ASI merger and highlighted tools in testing, including the ASI:Create agent builder and the ASI:Chain DevNet for AI-focused blockchain workloads.