Fetch.ai and Ocean Protocol move toward resolving $120M FET dispute
Key Takeaways
Why does this dispute matter?
As a result of the return of the 286M FET tokens may take away a serious supply-overhang danger and restore belief within the AI-crypto alliance.
What modified this week?
Throughout an X House, each side signaled willingness to settle, however no official settlement has been signed but.
The long-running dispute between Fetch.ai and Ocean Protocol over roughly 286 million FET tokens [worth about $120 million] seems to be transferring towards decision.
The event surfaced throughout a community X Space, the place Fetch.ai signaled willingness to settle. Nonetheless, no official joint assertion or signed settlement has been launched, leaving the scenario unresolved.
Background: A dispute that shook the “AI crypto alliance”
On 21 October, AMBCrypto reported that Fetch.ai accused Ocean Protocol Basis of changing OCEAN tokens into FET.
They then moved a portion of the holdings to centralized exchanges, together with Binance and market-maker GSR.
On the time, these transfers raised considerations about potential sell-pressure and intentional token dumping.
This triggered sharp group backlash and broken belief throughout the AI-crypto coalition that beforehand included SingularityNET.
Since then, FET has suffered a steep decline, falling over 90% from its annual peak, and crashing to the $0.23–$0.26 vary in latest buying and selling.
The newest replace: Ocean alerts willingness to return FET tokens
In the course of the X House dialogue, Fetch.ai signalled willingness to drop the lawsuit towards Ocean Protocol in the event that they returned the FET tokens.
Ocean Protocol reportedly indicated its readiness to return the FET tokens, offered it receives a proper written settlement proposal from Fetch.ai.
Fetch.ai representatives said that they’ll withdraw authorized claims if the tokens are returned in full.
For now, the association stays conditional and casual. Moreover, there isn’t any signed settlement doc, and neither undertaking has issued a proper public announcement.
This leaves the group cautiously optimistic, however not satisfied.
Market response: FET stabilizes however stays deeply oversold
The FET value chart signifies that the token has entered deep oversold territory, with the RSI hovering close to 27.
This can be a traditionally important area related to reversal makes an attempt. As of this writing, it was buying and selling at round 0.27, with a rise of over 3%.
Supply: TradingView
Nonetheless, merchants seem hesitant to place aggressively till the token-return particulars are clarified — significantly round:
- The place the returned tokens will likely be held
- Whether or not vesting/lockups will apply
- Who controls treasury governance sooner or later
With out these solutions, supply-overhang danger stays a core concern.
What comes subsequent?
If the settlement is finalized and tokens are returned underneath clear lockup phrases, the transfer may restore credibility and relieve sell-pressure fears on FET.
If negotiations stall — or if tokens re-enter circulation with out controls — market confidence may weaken additional.
For now, the market is ready, and the alliance’s future hinges on whether or not the 2 groups can doc and execute what they simply signaled in public.
