Fetch.AI (FET) is showing signs of strong investor interest and increasing on-chain activity despite recent market fluctuations.
Currently, 48% of wallets holding FET are in profit, while 43% are in loss. This demonstrates a balanced but resilient market for the token.
Over the past week, transactions involving amounts over $100,000 have reached approximately $191 million, reflecting a slight upward trend. Notably, 57% of these transactions have come from Western investors, indicating a growing interest in FET from this demographic.
When analyzing the distribution of wallets holding FET, the majority have been active for the past 1-12 months, accounting for 60% of all holders. This data points to sustained interest in FET during this period.
On-chain signals for FET are predominantly “bullish,” further reinforcing the token’s favorable position. Additionally, the total number of FET addresses has been steadily increasing, rising from 134,000 at the beginning of the year to 261,000 by September. Active addresses have also seen a significant rise, climbing from 56,000 at the start of 2024 to over 98,000.
Decline In Transaction, But Also An Increase In Addresses Holding FET
In the last 30 days, a decline in transactions under $1,000 was observed, particularly in Japan. However, there has been a notable increase in transactions ranging from $1,000 to $1 million, suggesting that whales are increasingly making large-scale moves in FET.
On-chain veriler ile 3 başlıkta FetchAI'ın röntgenini çekelim.
Özellikle alt koinlerde on-chain veri takibi yatırımlarınız için çok hayati olabilir.
1⃣ ITB ile Özet
Şu an itibariyle, FET tutan cüzdanların %48'i kârda, %43'ü ise zararda.
Son 7 gün içinde 100 bin doların… pic.twitter.com/SaInApHmyS
— Burak Kesmeci (@burak_kesmeci) September 2, 2024
Since the beginning of the year, there has been a 5% increase in addresses holding FET among small investors and a 10% increase among those with larger portfolios. This indicates that investors are continuing to accumulate FET despite market volatility.
Overall, Fetch.AI’s on-chain data reveals strong momentum, with both small and large investors showing increasing interest. While price fluctuations may persist, staying informed through on-chain data and adhering to a solid investment strategy remains crucial.
DWF Labs(@DWFLabs) received 10M $FET($11.8M) from https://t.co/BJF75TJoRr Foundation 1 hour ago.https://t.co/0aXgL46Tra pic.twitter.com/w5l5m3C3Bv
— Lookonchain (@lookonchain) September 3, 2024
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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