FET Rises 3.81% Amid Crypto Rally and AI Token Rotation

The price of FET surged by 3.81% over the last 9 hours in what appears to be a broad crypto market-wide uptrend.

This move is part of a larger risk-on rally, driven by investors extending into higher-beta altcoins as BTC reaches new local highs, with U.S. spot Bitcoin ETFs seeing their largest daily inflows in about 11 months.

FET's significant increase is also due to a rotation into AI tokens, with the asset gaining alongside names like TAO and benefiting from sector-specific capital flow.

On-chain data shows that FET's trading volume has surged, reaching around $186.97M over the last 24 hours, while price analysis indicates an ongoing trend of capital flowing from BTC and large caps into AI-themed altcoins.