The token of the Artificial Superintelligence Alliance, FET, is experiencing a steady price increase, trading between $0.23 and $0.77, with gains of approximately 3.8% to 15.5% over the last 24 hours. This upward movement is attributed to steady demand for AI tokens and on-chain data suggesting accumulation by traders rather than speculative euphoria.
Daily trading volumes are robust, ranging from $150 million to over $260 million, supporting a market capitalization between $520 million and $2.0 billion. Despite a recent weekly drawdown of around 6-7%, FET has outperformed Bitcoin on a relative basis over the past 30 days, posting gains of more than 30%.
The token is central to the Artificial Superintelligence Alliance, a merged AI-crypto ecosystem formed from Fetch.ai, SingularityNET (AGIX), and Ocean Protocol (OCEAN). The long-term roadmap involves consolidating these tokens into a single universal AI token, which will migrate to the $ASI ticker. Key developments fueling demand include the closed alpha of ASI:Create, a platform for AI agents, and the beta of the dedicated ASI:Chain blockchain, with a mainnet launch targeted for late 2026 or early 2027.
On-chain metrics reveal a net outflow of 1.5 million FET tokens from centralized exchanges, pushing exchange reserves to a cycle low and signaling reduced immediate selling pressure. However, technical analysis notes stiff resistance between $0.25 and $0.27, a zone where whale activity has been predominantly on the sell side. The token's performance is also tied to a broader resurgence of interest in AI-linked assets like Bittensor's TAO and Render.
