Fetch.ai ($FET) is back in the spotlight after a surprise $50 million buyback announcement sent the token surging over 4% in a single day. As the AI narrative continues to gain traction across the crypto sector, this move is seen as a bold vote of confidence by the project’s leadership—and may signal the start of a stronger accumulation phase.
$50M Buyback Announced by Fetch.ai Foundation
In a post on X, Fetch.ai founder Humayun Sheikh confirmed that the foundation will deploy $50 million to repurchase FET tokens across multiple exchanges, with support from institutional market makers. The goal is to address perceived undervaluation and support the long-term price of the token.
The buyback will be spread across exchanges, which suggests a strategic and sustained accumulation effort rather than a single injection of capital. This approach could reduce volatility while encouraging holders to remain patient.
FET Token Price Analysis – Key Levels to Watch
Following the announcement, FET token rose to $0.702, marking a clear reversal from its recent local low near $0.65. As shown in the chart, the token has been range-bound between $0.65 and $0.90 since early May, struggling to regain momentum after its drop from the $1.50 zone in February.
Source: Tradingview
Volume remains relatively stable, and RSI indicators on the daily chart suggest the token is still far from being overheated. If the buyback intensifies, a breakout above the $0.80 resistance could trigger a retest of the psychological $1 level.
But for now, the structure remains neutral with support at $0.65 and resistance at $0.90. A higher high above that zone would confirm the start of a new trend.
AI Narrative and Strategic Positioning
Fetch.ai is also benefitting from its central role in the upcoming ASI token merger—a unification of FET, AGIX, and OCEAN into one of the largest decentralized AI ecosystems. This initiative has positioned Fetch.ai as a key player in the intersection of Web3 and artificial intelligence, and the foundation’s buyback could be a move to secure a stronger market cap before the full rollout of ASI Phase 2.
The decision also comes amid rising competition in the AI token space, with projects like Render (RNDR) and Akash Network (AKT) gaining traction. In this context, capital efficiency and supply management through buybacks become strategic weapons to stand out.
Final Thoughts: What the FET Buyback Means for Investors
This $50 million buyback is more than just a PR move—it reflects a tactical shift by Fetch.ai to assert its position ahead of major developments in the AI sector. While short-term gains may be limited by broader market conditions, the structural support provided by the buyback could set a new floor for FET in the weeks ahead.
Investors should monitor:
- Breakout attempts above $0.80 and $0.90
- Buyback wallet activity and on-chain flows
- Further announcements related to the ASI merger or platform adoption
If momentum builds, FET may return to the $1+ territory sooner than expected—but confirmation will only come with price structure changes and volume upticks.
