Potential for Artificial Superintelligence Alliance [FET] to Maintain Growth Amid Supply Drop and Large Investor Withdrawals
The post Potential for Artificial Superintelligence Alliance [FET] to Maintain Growth Amid Supply Drop and Large Investor Withdrawals appeared on BitcoinEthereumNews.com.
The Artificial Superintelligence Alliance token (FET) experiences a remarkable surge as supply on exchanges dwindles, suggesting a potential price leap ahead. Despite heavy selling from large investors, a resurgence of interest from smaller traders has buoyed the token’s price. “Even as wholesalers liquidate their holdings, retail traders are moving back into the market,” noted a recent report from COINOTAG. FET’s recent rally, driven by declining supply and renewed trader interest, signals promising trends in the AI-token market. Large holders sell, spot interest returns, supply drops The market dynamics for FET shifted notably in the past 24 hours. As the token rallied, large investors began to reduce their exposure significantly. Notably, this group sold 17.3 million FET, equivalent to $11.88 million at a market price of $0.687. Moreover, reports from Coinglass indicated spot traders offloaded $2.6 million worth of FET, culminating in total sales of $14.48 million. Source: IntoTheBlock Typically, such a wave of sell-offs might unsettle investors, yet FET’s price remained resilient. Supply shrinks, counteracting sell-offs Interestingly, the market displayed surprising strength against the anticipated downturn caused by large holders’ liquidation. COINOTAG’s analysis revealed that the rally was notably supported by a drastic reduction in FET’s supply. At the time of reporting, the circulating supply of the AI token had declined by 10 million tokens, roughly valued at $6.87 million. According to IntoTheBlock, this represents tokens that have been effectively removed from the public market. Source: IntoTheBlock This decline acted as a buffer, leading to renewed interest from market participants. Spot traders re-entered the market enthusiastically, purchasing $845,950 worth of FET during the same period. If this trend persists—characterized by a declining supply combined with increasing retail demand—the AI token appears poised to navigate whale sell-offs successfully. FET’s Market volume sees rapid growth The current bullish trend for FET is…
Filed under: News - @ April 26, 2025 2:18 am