Why FET’s Price Shot Up 13% While Whales Were Running for the Exits 🐋💸

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  • Artificial Superintelligence Alliance pulled off a sneaky little pump, soaring 13% as if nobody had noticed the big boys dumping their stash.
  • Meanwhile, the jumbo investors? Yep, still selling like it’s a Black Friday sale.

In just 24 hours, Artificial Superintelligence Alliance [FET] grabbed everyone’s attention — rockets launched with a cheeky 13% spike and a cool 33% climb over the week. 💥

AMBCrypto did some digging and found this rally playing it rebellious against the whales (you know, those fat cats sitting on mountains of FET). But other traders? They just shrugged, shrugged hard, and kept buying.

Let’s break down how the market stayed all cool and steady while the big guys were busy cashing out.

Big investors sell, retail buyers crash the party, supply drops like it’s hot

So here’s the drama: as FET danced upwards, the whales quietly eyed the exit ramps. They sold off a whopping 17.3 million FET—valued at about $11.88 million—while the price was flirting at $0.687. Talk about timing! ⏰

Coinglass chimed in with the deets: spot traders pitched in by offloading $2.6 million more, making a grand total of $14.48 million in sales.

FET market graph

Normally, this would send prices running for cover, but nope — the price held its ground like an indie film hero refusing to quit.

The shrinking supply fairy does its magic

Here’s the kicker: instead of flapping around helpless, the market got a secret weapon—a sharp drop in available FET tokens. According to AMBCrypto, circulating supply slid by 10 million tokens (around $6.87 million), basically vanishing from the open market like your favorite socks in the laundry. 🧦✨

IntoTheBlock confirmed that a bunch of tokens were quietly taken off the shelves, helping prop the market up.

Token flow graph

Think of it as the market’s version of a safety net, cushioning prices from the whale-sized blow.

Meanwhile, retail spot buyers swooped back in with fresh enthusiasm, snapping up $845,950 worth of FET like it was the last slice of pizza. 🍕

If this keeps up — with supply shrinking and the little guys piling in — FET might just keep sailing smoothly even as whales dip out.

Volume’s partying like it’s 1999

FET’s bullish vibe isn’t just smoke and mirrors; volume exploded by a solid 122.06% in the last day, hitting a hefty $379.07 million. When price and volume both turn up the heat, it usually means things are getting serious. 🔥

So unless the whales decide to wreck the party or the crowd loses interest, FET looks primed for more good times ahead.

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2025-04-26 03:11