Recently, a noteworthy phenomenon has emerged in the Crypto Assets market: the price movement of FET and Ethereum (ETH) shows a clear divergence. When FET was at $0.99, the price of ETH was around $2400. However, over time, whenever ETH experiences a pullback, the price of FET continues to reach new lows. It has fallen from $0.88 to $0.77, and then to a recent high of $0.68, exhibiting a segmented downward trend.



At the same time, the performance of ETH has been very strong, not only failing to follow the fall of FET but instead breaking through historical highs, reaching an astonishing $4900. This contrast makes one ponder: why does FET, as an AI token that relies on the ETH trading network, perform poorly in such a strong bull market for ETH?

Analyzing this phenomenon inevitably leads one to think of possible market manipulation behaviors. There are opinions that this may indicate large funds are continuously unloading. If this trend continues, the next resistance level for FET may drop to around $0.55.

The anomaly in this price movement has raised concerns among market participants. Some have even pessimistically predicted that if this situation continues, FET may face a serious risk of devaluation. However, before making any judgments, investors should carefully analyze and comprehensively consider market factors and the project's fundamentals.

The Crypto Assets market is ever-changing, and this price divergence between FET and ETH undoubtedly serves as a wake-up call for investors, reminding us to remain alert and cautious in this highly speculative market. Whether to choose to continue holding or to exit, it requires thorough research and rational judgment.
FET3.86%
ETH5.1%
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ZkSnarkervip
· 08-25 21:49
well technically... whales dumping fet like there's no tomorrow
Reply0
TheMemefathervip
· 08-25 21:48
Ah, everyone has done a Rug Pull.
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SingleForYearsvip
· 08-25 21:44
This new batch of suckers is so easy to play people for suckers~
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