$FET Token Records Outflows Amidst 6% Price Decline

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The AI token, $FET, experienced a 6% decline in value today as it approached the $2 mark, reflecting ongoing outflows from wallets associated with the Fetch.ai Foundation. This movement in price coincided with significant deposit activity on Binance, shedding light on potential market dynamics influencing $FET’s performance. Wallet 0x633, linked to the Fetch.ai Foundation, recently deposited 1 million $FET, valued at $2.46 million, to Binance at a price of $2.461 per token. This deposit follows a larger inflow of 5 million $FET, totaling $11.97 million, received from Fetch.ai Foundation at an average price of $2.394 just three hours prior. Despite

The post $FET Token Records Outflows Amidst 6% Price Decline appeared first on The Merkle News.

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