FET Price Surges Amidst Legal Battle: Buyers Dominate as Market Responds to Uncertainty

Fetch.ai’s (FET) price has experienced an unexpected surge, surpassing the $0.3 mark and reaching a new high after an internal legal battle within the Artificial Superintelligence Alliance (ASI) project. The lawsuit filed against Ocean Protocol by some investors alleges misrepresentation, autonomy issues, and token manipulation, resulting in a sharp decline in the price of Ocean tokens. Surprisingly, instead of triggering panic selling, news of this legal dispute seems to have sparked increased buying interest from market participants. 52 million FET tokens were traded with buyers outpacing sellers since November 7th, driving FET prices up significantly.