FET Price Drops 10% Amid Technical Correction in Weak AI Sector

The price of FET, the token of Artificial Superintelligence Alliance, dropped around 10% in 24 hours. According to CoinMarketCap, this move is a technical correction within a weak AI-token environment.

In the last 7 days, FET traded between $0.16 and $0.17 USD before dropping to approximately $0.147 on August 29th at 10:00am UTC, with volumes in the range of $110-$160 million USD throughout the week.

The current 24-hour volume is about $145.78 million USD, which falls within this recent normal range and does not indicate a panic or blow-off extreme.

No clear project-specific catalysts were found, such as new exchange listings, token contract issues, governance changes, or emergency updates that could have caused the move.