Whale Activity in Fetch.ai (FET) Market

Today, a major whale has resurfaced in the Fetch.ai (FET) market, executing significant transaction activities. According to Spot on Chain, this whale, known as DWF Labs, made a remarkable return after several months of inactivity, dumping large amounts of FET tokens.

Whale Dumps 3 Million FET

DWF Labs deposited 3 million FET worth $1.82 million to the Bitget exchange today, marking their return after five months of no activity. These tokens are part of the 10 million FET acquired from the Fetch AI Foundation on September 3, 2024, when the price stood at $1.185.

> DWF Labs (@DWFLabs) just deposited 3M $FET ($1.82M) to #Bitget after 5 months of inactivity!
> These tokens are part of the 10M $FET received from @Fetch_ai Foundation on Sept 3, 2024, when the price was $1.185.
> So far, DWF Labs has deposited 5M $FET to #Binance and #Bitget at an… Source
> — Spot On Chain (@spotonchain) March 7, 2025

Overall, DWF Labs has now deposited a total of 5 million FET tokens into Binance and Bitget at an average price of $0.987. The whale retains an additional 5 million FET, valued at approximately $3.04 million.

The recent deposit is particularly significant to investors and traders. It indicates a substantial inflow of FET tokens into the circulating supply, which might influence FET’s price shortly.

FET Price Updates

Fetch.ai’s price has been on a downtrend for several months, experiencing a decline of 22.5% over the past month and 22.4% two weeks ago. This downturn is part of a broader trend among AI crypto assets, which are facing increasing selling pressure and a shift in investor sentiment towards the bearish side.

Despite the downturn, metrics suggest that the downward momentum is gradually weakening, indicating rising buyer accumulation, although sellers still dominate the market. FET’s current consolidation reflects heightened volatility and uncertainty in the digital asset market, especially concerning AI-related tokens.

The combined effect of whale activity and technical indicators has contributed to FET’s price decline. On-chain metrics reveal weaknesses in mid-sized whales (holding between 100,000 and 1 million FET), who are reducing their positions, whereas larger whales (holding between 1 million and 10 million FET) are increasing their holdings. This dual behavior may signal a shift in market dynamics.

In conclusion, despite the recent downturn, FET remains a strong asset, ranking as the 57th largest cryptocurrency, with a market capitalization of $1.46 billion. Savvy investors might consider leveraging this market dip for potential future growth.