Ocean Protocol accused of dumping 100 million USD in FET tokens

Ocean Protocol reportedly transformed 661 million OCEAN into 286 million FET, raising flags over improper token management. This led to accusations of potential ‘rug pull’ by Fetch.AI’s CEO, intensifying tensions within the ASI alliance.

In the aftermath, Fetch.AI’s FET token plummeted over 52%, while Ocean Protocol’s OCEAN token experienced a rebound, indicating contrasting investor sentiments as uncertainty looms over the alliance’s future.