The cryptocurrency market has once again delivered a surprising twist, and this time it comes from Fetch.ai’s native token, FET. Now part of the broader Artificial Superintelligence Alliance, FET gained 13% in just 24 hours, defying typical market behavior. What makes this rally particularly interesting is that it happened in the face of heavy selling by major investors, also known as whales. Despite this pressure, FET not only held its value but surged—something not commonly seen in such conditions.

According to blockchain activity trackers, large wallet holders sold around 17.3 million FET tokens, valued at nearly 12 million dollars based on the average price of $0.687. This significant move coincided with a wave of sales from spot traders, who added approximately 2.6 million dollars to the total amount of FET sold in a single day. Together, this brought the total to nearly 14.5 million dollars offloaded within 24 hours—a volume that would typically drive the token’s price down. But instead of retreating, the market held firm.

What allowed FET to buck the trend was a sharp decline in its circulating supply. Data showed that around 10 million FET tokens, worth nearly 6.9 million dollars, were effectively removed from the market. Whether moved to cold storage or simply withdrawn from exchanges, this shift in supply served as a buffer against the aggressive sell-off. When fewer tokens are available and demand remains stable or increases, prices often rise. That’s exactly what happened with FET.

At the same time, smaller investors began re-entering the market. Spot market data showed that retail buyers purchased close to $846,000 worth of FET during this period. These traders appeared to see the price dip caused by whale activity as a buying opportunity rather than a warning sign. The fact that retail demand was able to meet, and in some ways counter, whale-level selling speaks volumes about the confidence surrounding this token.

FET’s recent surge also seems to be supported by growing enthusiasm around artificial intelligence within the blockchain space. As AI technologies become more integrated into everyday life—from automation and robotics to predictive analytics—tokens like FET, which focus on AI infrastructure, are gaining attention. This connection between trending technology and crypto investment is helping projects like the Artificial Superintelligence Alliance capture more interest from both new and seasoned investors.

Another important factor in the rally is trading volume. In the same 24-hour period, FET’s trading volume increased by more than 122%, pushing total volume up to around 379 million dollars. This kind of volume growth, especially when paired with rising prices, is often seen as a healthy sign of a bullish trend. It suggests that the rally is not just driven by a few large transactions, but is supported by broader market participation.

Still, it’s worth noting that market sentiment can shift quickly, especially in the volatile world of cryptocurrencies. While FET’s reduced supply and high trading volume are bullish signals, continued whale sell-offs could slow down the token’s momentum. For the rally to sustain, there needs to be a balance—strong retail demand, steady or shrinking supply, and fewer large exits.

At this point, FET appears to be in a strong position. The token has shown that it can absorb major sell-offs and still push higher, a sign of strength and growing investor trust. Whether this marks the start of a longer-term uptrend remains to be seen, but the signs are encouraging. If market conditions remain favorable and the token’s fundamentals stay strong, FET could be looking at more gains in the near future.

The crypto market continues to evolve, and tokens like FET are proving that even in uncertain times, well-positioned projects with real-world relevance—especially in emerging sectors like artificial intelligence—can defy expectations and deliver solid results.