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ASI crypto merger buzz fades: FET, AGIX, OCEAN prices plunge

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Despite news surrounding the Artificial Superintelligence Alliance (ASA), FET, AGIX, and OCEAN experienced price declines in recent days.

The announcement of the ASA merger failed to prevent substantial price corrections for FET, AGIX, and OCEAN tokens over the past few days.Following months of speculation, the Artificial Superintelligence Alliance has confirmed the initial phase of its two-part token merger in an official press release.

However, the price of FET had started its decline since the 23rd of May and exhibited both lower lows and lower highs, which were indicative of a bearish trend. Moreover, the CMF for the token also fell, which suggested that the money flowing into the AI token has declined.AGIX was a bigger victim of the bears, with prices falling by 12.77% in the last 24 hours. The price movement was similar to FET’s.

 

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