FET Price Eyes Recovery as Fetch.ai Launches Weekly Burns Amid Ocean Protocol Feud

After a brutal selloff that drove Fetch.ai (FET) to a low of $0.23, the AI token appears to be stabilizing — and possibly preparing for a comeback. The turnaround comes as Fetch.ai announces a weekly burn program and escalates its dispute with Ocean Protocol, a fellow member of the Artificial Superintelligence Alliance (ASI).

Signs of a Bottom Forming

Technical indicators now suggest that the worst may be over for FET. The token has bounced off its recent low, while both the 7-day simple moving average (SMA) and Relative Strength Index (RSI) are flashing early signs of fading bearish momentum. Traders are watching closely for confirmation that a reversal is underway.

Burn Initiative Aims to Restore Confidence

In a strategic move to reassert control and stabilize market sentiment, the Fetch Foundation announced that it will burn 50 FET per wallet every week for all users registered on asi1.ai — a new initiative tied to the ASI ecosystem.

The deflationary measure is designed to reduce circulating supply, incentivize participation, and strengthen token value over time. Early data shows growing wallet registrations following the announcement, signaling renewed community engagement.

Ocean Protocol Fallout Deepens

The price slump in recent weeks was triggered not only by macro pressures — including renewed U.S.–China trade tensions — but also by the intensifying rift with Ocean Protocol over governance and treasury control within the ASI merger.

Fetch.ai CEO Humayun Sheikh has announced plans to pursue class-action lawsuits in multiple jurisdictions, alleging unauthorized or disputed token transfers by Ocean Protocol. While both projects remain part of the ASI alliance on paper, insiders describe relations as “strained and uncertain.”

Outlook: Rebuilding Momentum

Despite the turbulence, FET’s recent rebound hints at a possible bottoming phase. Market analysts believe that if Fetch.ai maintains transparency around its burn schedule and resolves its governance disputes, FET could recover toward the $0.30–$0.35 range in the coming weeks.

For now, all eyes are on two key variables — the success of Fetch.ai’s burn campaign and the legal battle brewing between the AI blockchain giants.