FET Price Plunges Below Key Levels Amidst Alliance Discord

The FET price is experiencing a steep decline as concerns about the Artificial Superintelligence Alliance (ASI) and its token-swap conflict with Ocean Protocol weigh on investor sentiment. Fetch.ai CEO’s accusations of market manipulation, coupled with Ocean Protocol’s exit from the alliance and Binance’s halt on OCEAN deposits have triggered a sell-off across tokens. 661 million OCEAN was converted to 286 million FET, raising concerns about potential market manipulation.