Fetch.ai’s token, FET, is gaining strength after a major institutional investor committed $55 million to a $500 million fundraise aimed at acquiring the AI-focused asset. This move has pushed FET into the spotlight, signaling a potential bullish surge fueled by growing adoption, shrinking supply on exchanges, and increasing network activity.

Major Institutional Support Boosts Confidence

Interactive Strength (TRNR), a Nasdaq-listed fitness equipment company, is leading the charge with its $500 million fundraise to build the largest AI-token treasury among U.S. public firms. TRNR has already secured $55 million from partners like ATW Partners and DWF Labs. The collaboration between TRNR and Fetch.ai is designed to integrate AI-powered blockchain solutions into fitness and health technologies, adding real-world use cases and boosting investor confidence in FET.

This institutional endorsement not only lends credibility to Fetch.ai’s technology but also signals a growing appetite for AI-aligned blockchain assets among corporate treasuries. This shift from pure speculation toward strategic investment could attract further capital inflows and strengthen the token’s long-term outlook.

Technical Indicators Signal a Strong Breakout Pattern

Following this statement, FET has maintained support above a key level after breaking out from a classic rounding bottom pattern—a technical setup that often marks the end of accumulation phases and the start of a bullish reversal.

Analysts have identified clear price targets for FET at $1.00, $1.25, $1.60, $2.20, and potentially as high as $3.30 if momentum continues. The current price action, supported by improved market flows and increasing institutional involvement, suggests the bullish trend may sustain if buyers remain in control.

Supply Tightens as Investors Shift to Long-Term Holdings

FET’s supply available on centralized exchanges has fallen by 7.43%, leaving about $335 million worth of tokens on exchanges. This decline indicates investors are moving tokens into cold storage or other long-term holdings, limiting the circulating supply.

Historically, a reduction in exchange reserves often precedes price rallies since less available supply creates scarcity, which can drive prices higher if demand grows. This shrinking supply complements the breakout narrative and aligns with the rising institutional interest.

Spot Market Activity Shows Strong Buyer Interest

Data from CryptoQuant reveals that buyer activity remains strong, with the 90-day Taker Cumulative Volume Delta (CVD) favoring takers—those aggressively buying at the asking price. This signals confident buying behavior among market participants, which often supports bullish momentum.

With few resistance points between $1.00 and $1.60, a surge in trading volume could propel FET’s price rapidly through this range, enticing momentum traders looking for a breakout.

Increasing Network Activity Points to Growing Real-World Use

On-chain metrics underscore rising user engagement, with active addresses increasing by nearly 16% and new addresses up by almost 9% in the past week. Unlike speculative bursts, this growth appears organic and reflects genuine interest in Fetch.ai’s technology and ecosystem.

Sustained increases in network activity typically underpin longer-term valuation growth and stability. This steady user base expansion suggests that the recent price movement is grounded in real adoption rather than hype.

Exchange Outflows Highlight Holder Conviction

Recent exchange outflow data shows $5.77 million worth of FET leaving centralized platforms, compared to $3.72 million flowing in, indicating a net outflow trend. This pattern reflects holders’ preference to accumulate and store tokens for the long haul instead of selling in the short term.

This steady withdrawal from exchanges aligns with institutional accumulation and shrinking supply, reinforcing the case for a sustained uptrend.

Outlook: Can FET Reach $3.30?

With TRNR’s massive treasury fundraise, tightening exchange supply, increasing network activity, and consistent buyer demand, FET is positioned for a strong rally. If current momentum continues, price targets as high as $3.30 are within reach.

As AI-focused blockchain projects gain traction, FET stands out as one of the leading tokens to watch. Institutional backing and healthy on-chain fundamentals provide a robust foundation for further gains in the weeks ahead.