Whales Welcome Fetch.Ai’s (FET) Conversion Into ASI

Fetch.ai’s (FET) price is no longer Fetch.ai’s price; it is the price of the Artificial Superintelligence Alliance.

The price of Fetch.ai (FET) is no longer just the price of Fetch.ai. It is now the price of the Artificial Superintelligence Alliance (ASI).

When Ocean Protocol (OCEAN) and SingularityNET (AGIX) merged into Fetch.ai (FET), their collective identity was essentially converted into ASI.

Whales are taking note of Fetch.Ai’s (FET) conversion into ASI

As expected, the token merger has brought increased attention to Fetch.ai’s price, especially among whales. Anticipating a price surge following the merger's completion, these whales are accumulating vast amounts of FET tokens.

In the past week alone, addresses holding between 100,000 and 10 million FET have collectively added more than 62 million FET, valued at approximately $73 million, to their portfolios.

Evidently, these large-scale investors are optimistic that the merger will lead to a price increase, presenting an opportunity for substantial profits.

However, it is important to note that while the collective identity of OCEAN, AGIX, and FET has been merged into ASI, the tokens themselves will continue to trade independently on exchanges.

The price of FET will not directly reflect the combined market capitalization of all three tokens. Instead, it will be determined by the demand and supply dynamics specifically for FET in the market.

Retail investors are also optimistic about Fetch.ai and ASI

The optimism surrounding ASI and its potential in the near future is not limited to whales. Retail investors are also showing strong enthusiasm, as evidenced by the positive weighted sentiment toward Fetch.ai.

Throughout the week, Fetch.ai has garnered numerous mentions across various social media platforms, reflecting the high level of interest and discussion among the crypto community.

This optimism aligns with the bullishness surrounding ASI, which is expected to play a significant role in shaping FET's price trajectory.