If you’ve been holding Artificial Superintelligence Alliance (FET) tokens, October 2025 probably felt like watching a slow-motion car crash. A 52% price drop in a single month isn’t just a correction, it’s a crisis.
But what’s really driving this collapse, and more importantly, what should you be watching as we head into Q4?
The Alliance That Fell Apart
Remember when the ASI Alliance felt like the Avengers of AI crypto? Those days are over. On October 9, 2025, Ocean Protocol didn’t just leave the alliance; they allegedly torched it on the way out. We’re talking about 286 million FET tokens, roughly $120 million, allegedly dumped through Binance and GSR Markets.
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Here’s where it gets messy: The breakup spiraled into legal warfare. The alliance’s leadership and Ocean’s team are now in arbitration, and Binance literally restricted OCEAN deposits amid the chaos. When exchanges start putting up guardrails, you know things have gone sideways.
What this means for your portfolio:
There are still 270 million unconverted OCEAN tokens floating out there. That’s a ticking time bomb of potential sell pressure. Add in the possibility of class-action lawsuits, and suddenly FET’s governance looks less like a well-oiled machine and more like a reality TV show. The trust is broken, and in crypto, trust is everything.
Can Tech Innovation Save the Day?
It’s not all doom and gloom. The ASI Alliance has been busy building. The Q3 2025 Singularity Finance roadmap includes AI-powered portfolio management tools and yield vaults. The CUDOS partnership aims to slash AI compute costs by 50% compared to AWS, which could be a game-changer for AI agents.
But here’s the catch: Ocean Protocol brought approximately 30% of the alliance’s GPU computing power to the table.
Without them, the ASI-1 Mini’s scalability just hit a major speed bump. If the remaining team can deliver these products and prove the tech works without Ocean, FET could stage a comeback. Execution is everything here.
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The Market Doesn’t Care About Your Feelings
Let’s zoom out. As of October 23, 2025, the Crypto Fear & Greed Index sits at 28 out of 100. That’s firmly in “fear” territory, and when the market’s scared, money flows to Bitcoin, which is flexing with 59.24% market dominance. Altcoins like FET are getting absolutely starved of capital.
But wait, there’s more bad news: Bittensor (TAO) is eating FET’s lunch in the decentralized AI space. TAO’s rocking a $4.4 billion market cap compared to FET’s $584 million. With TAO’s halving event coming in December 2025, even more AI-focused capital could rotate their way.
What’s Next For FET Price?
FET price is technically oversold with an RSI of 21.92, which suggests a technical bounce could be coming.
But survival depends on resolving the Ocean drama, delivering on tech promises, and finding a narrative edge before TAO’s December halving steals the spotlight. If you’re holding FET, the next two months are make-or-break.
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