🔥 AI-Coin Drama: Fetch.ai demands Ocean Protocol return 286 million $FET (120 million USD) to avoid litigation
Breaking news ⚡️
Event: Fetch.ai (FET) claims it will cancel all legal actions if Ocean Protocol Foundation returns 286 million FET tokens that they are accused of selling during the merger.
Details: Bubblemaps data indicates a multi-signature wallet related to Ocean has converted 661 million OCEAN to 286 million FET (worth 120 million USD) and sent to exchanges Binance, GSR Markets.
Context: Ocean Protocol withdrew from the Alliance of Super Intelligence (ASI) on October 9th. Since the merger announcement (March 2024), FET's price has dropped over 93%.
Scanner's perspective:
This is "blockbuster" negative news, exposing the collapse of the most anticipated AI merger. The allegation of selling tokens worth 120 million USD could be the main cause of the catastrophic decline of $FET . The reputations of both projects are severely damaged, and investors need to exercise utmost caution.
Related cashtags:
$FET
$OCEAN
$ASI
Breaking news ⚡️
Event: Fetch.ai (FET) claims it will cancel all legal actions if Ocean Protocol Foundation returns 286 million FET tokens that they are accused of selling during the merger.
Details: Bubblemaps data indicates a multi-signature wallet related to Ocean has converted 661 million OCEAN to 286 million FET (worth 120 million USD) and sent to exchanges Binance, GSR Markets.
Context: Ocean Protocol withdrew from the Alliance of Super Intelligence (ASI) on October 9th. Since the merger announcement (March 2024), FET's price has dropped over 93%.
Scanner's perspective:
This is "blockbuster" negative news, exposing the collapse of the most anticipated AI merger. The allegation of selling tokens worth 120 million USD could be the main cause of the catastrophic decline of $FET . The reputations of both projects are severely damaged, and investors need to exercise utmost caution.
Related cashtags:
$FET
$OCEAN
$ASI