The Surge of FET: Unpacking the 3.81 Percentage-Point Move
The 3.81 percentage-point increase in Artificial Superintelligence Alliance (FET) over the last 9 hours is driven by a broad crypto risk-on rally, a rotation into AI tokens, and aggressive social trading, rather than any new fundamental FET-specific announcement.
Broad Crypto Risk-On Backdrop
FET’s significant move is part of a larger market-wide uptrend.
- The total crypto market cap has risen by about 1.57% in the last 24 hours, from roughly $2.91T to $2.96T, with altcoin market cap up about 0.79% over the same period.
- U.S. spot Bitcoin ETFs saw their largest daily inflows in about 11 months, with roughly $999M of net inflows on Monday, pushing BTC briefly above $87,000.
- The…
