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Fetch.ai’s FET token surged over 5% following a $50 million buyback announcement by the Fetch.ai Foundation. The move, aimed at countering perceived undervaluation, coincided with bullish USDT transfers and technical support levels. Traders and analysts are closely watching the impact on AI-focused crypto markets.
- Fetch.ai Foundation's $50M buyback announcement drove FET's price up by 5%, countering perceived undervaluation.
- A $45M USDT transfer to the ASI Alliance and FET's rebound from a key technical support level fueled bullish momentum.
- The ASI-1 language model and autonomous agent platform are central to Fetch.ai's long-term growth strategy.
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