Fetch ai FET Token Just Broke Out, Despite a $1.5M Hack!?
Publicado no IA Dots ·
AI SignalASIdot-ai_agentsdot-artificial_intelligencedot-asiidioma-enInglêsyt-N-R6WnHkwCk
Vídeo em Inglês, publicado pelo canal cryptoFOXXY.
About this content: The summary, key points and topics below are generated automatically from the video transcript. They reflect the content, opinions, claims and predictions presented in the video and do not represent a position, validation or fact-check by IA Dots.
Video summary
This video discusses recent developments regarding Fetch.ai (FET), including a chart breakout above 20 cents, a security breach involving SingularityNET and token conversion contracts, and the broader technological thesis surrounding autonomous AI agents and the Artificial Superintelligence Alliance.
Key points
- FET experienced a price breakout, pushing back above the 20-cent level and showing a shift toward higher highs and higher lows on the four-hour chart.
- Key resistance and price levels to watch for FET include 21 to 22 cents, followed by targets at 24, 26, and 28 cents.
- A security breach occurred on a token conversion contract tied to the migration infrastructure, resulting in the theft of approximately 8.7 million FET.
- The hack targeted SingularityNET and its bridge infrastructure rather than Fetch.ai's core contracts, and the alliance paused the AGIX to FET convergence during the investigation.
- The Artificial Superintelligence Alliance continues development around autonomous AI agents and decentralized AI infrastructure, focusing on an economy where AI agents can transact and operate with autonomy.
Topics
Fetch.aiCrypto Chart AnalysisToken MigrationSecurity BreachSingularityNETArtificial Superintelligence AllianceAutonomous AI AgentsCrypto Regulation
Video transcript
Transcript from available captions; it may contain errors.
So, what's going on everyone? Welcome back to the channel. As usual, we are going to talk a bit about Fetch AI, see what's going on here. We did have a pretty decent breakout right now for FET despite the negative news with the hack. So, we're going to get into both of those uh both of those situations here on this video. FET is finally moving. We're going to talk about that first and then we're going to get into the dirty details in the uh later part of this video. So, after months of watching this thing get absolutely crushed, I must say things are looking quite a bit different on the chart. Um it's pushed back above 20 cents. And if you've been following my channel for a while, you'll know I've been watching this thing very, very closely. Um I've never believed that the artificial super intelligence alliance coin was dead. Uh but before we get too excited, let's uh talk about something happening behind the scenes that we absolutely need to talk about. There is some good news and there's also some very very bad news. Let's start obviously with the chart. So if you pull up the 4hour chart, you can see exactly what has happened here. Uh FET has ba basically spent months making lower uh lower highs and lower lows, dipping down. Uh we saw it really really uh taking a very bad nose dive. It went from around 28 cents all the way down to it's almost in the 12 cent area. Honestly, at that point, the chart looked horrible, but then something really changed. Uh we we basically got that massive reversal of the August low. Fed pushed back towards the 18 mark and it also pulled back again. Now, this established another higher low, which is very very important on this chart. It pushed back above the 18 cents again trying to basically uh have a little bit of a breakout. and now we're sitting around the 20 cent area. So, this is a completely different structure than what we were used to looking at a couple months ago. We're starting to see higher highs and higher lows. Very, very good uh situation right now on the chart. This is exactly what I want to see if we're going to talk about a legitimate uh trend reversal right now. Here's the levels that I am watching. 21 to 22 cents. Uh that's the area FET's approaching right now. And it's very very crucial. I don't want to see FET spike through it for, you know, basically just five minutes. So, I wanted to basically breach that zone and hold and uh because FET can reclaim 21 to 22 C area. The chart opens up and I'm watching probably 24 cents is probably the next push there. Then 26 eventually 28. 28 is a very important number. It's a very big one. That's where the major area where Fed got rejected during the previous rally. That's why it's important. If we eventually get through that level, well, that's where things become extremely interesting. But right now, let's take a, you know, a little bit of a breather from the price action. I'm going to go over to Singularity Net. Um, share this with you here. So, we did have a breach. Um, we had a very, very interesting situation going on. Um, reports indicated that hackers were able to get approximately 8.7 million FET worth around $1.5 million at the time of the hack. This was drained from a token conversion contract connected to the migration infrastructure. Remember back when um when we h when we had the alliance was formed and we had a token migration um uh contract basically which was tied to a to a portal and you go on there and you you could convert your tokens. Well, that's basically that token migration got hacked and and that's where a lot of vulnerabilities come from in crypto when [snorts] you're talking about smart contracts and things maybe uh not necessarily being completely, you know, failsafe. There's always risks associated with uh with contracts. And that's why it's very important to learn how to revoke your uh your approvals and such on uh you know, on certain platforms cuz you know, just things like this could happen. But they say that no users feed or no users bet were impacted. So that's very important. I don't like to see people um lose money. However, it does impact the price on the chart. Now the situation did subsequently expand with unauthorized token activity involving other assets connected to the the ecosystem. Now um Fetchai said that its core contracts were not affected and the attack targeted Singularity and its bridge infrastructure. So FedE itself continues to operate normally and the alliance also paused the AGIX to FET convergence where the investigation is underway. Now this does not mean you know that someone hacked every FET holders wallet. That's not what happened here. Uh it's a serious security issue. It is and that I think everyone uh covering Fed right now needs to be honest about that because this is a this is something that we don't want to see. uh what if it did impact you know not wallets necessarily because they I'm sure they go through a different audit process but you know users funds nobody wants to see that that's going to cause a ton of panic so this is where things get really interesting for me because we're dealing with this security situation right but the underlying development story hasn't disappeared either the ASI alliance is still building around autonomous AI agents and uh decentralized AI infrastructure and ASI chain right and that's the big part of this project that's always interest me. Uh I talk about that a lot. We're not talking about, you know, just uh basically another memecoin. We're talking about the entire thesis behind fetch and the artificial super intelligence alliance. We're moving towards an economy where AI agents don't just answer questions, but they actually can do things. They can find you information and they can interact with other agents. They can use some tools. They can transact and eventually they could operate with much greater autonomy. And this is a massive technological thesis that we're that we're seeing play out. Now the question is whether the ASI lines can actually execute on it. I've seen a ton of development and a ton of features coming to light that I think that they can get there. And that's my opinion, right? So this is why I'm still watching FET because around this 20 cent area, the market is pricing this project dramatically differently than it, you know, during the last crypto AI mania that we saw, right? Well, we saw a Fed absolutely just go boom and that that could could potentially happen again, but we might have to wait for that. We might not see that happen anytime soon. As long as there's still, you know, speculation and controversy going on around AI right now. So, as long as they keep building, you know, we are going to eventually get there. I think AI is going to be bigger than the dot era. Um, which we we see how how that turned out. and uh people that turned a blind eye to the dotcom era absolutely uh regret [laughter] um that. But you know obviously it's anyone's game here. Nobody you know we'll have to wait and see. We'll have to see what government does stepping in around you know um fail safes and controversies and all that stuff and and maybe some sort of regulation is to come. I'm not really sure but you know I'm saying here that FedEx has a very good potential has a very good future ahead of them as long as they play the game right. Is it guaranteed to go to $5 or $10? I don't know. I'm waiting for double digits myself before I sell any. But that's just my opinion and I am in in a very very a low cost lowc cost basis. So other people might have a different uh different situation and a different outlook and that's completely okay. Now if this AI agent economy actually becomes a major part of the next phase of crypto, I don't think you'll want to be completely ignoring these types of projects that have been building in this space for years, especially during the downtimes. So that's basically what I got for you guys in this video. I just want to thank you so so much for tuning in. It really means a lot to me. I do this on my spare time. Um I actually have a full-time job in crypto and uh you know I I just kind of like to bring you guys the news because I'm really passionate about this project. Am I in love with it? Absolutely not. I'm not in love with any cryptos. Um I'm this is just one that I saw a ton of potential in early on. I've been invested in this for a number of years now. So I want to thank you for tuning in. Obviously you guys do your own own research, your own due diligence, and make moves that are right for you. Thanks for tuning in. and catch you guys in the next one. Peace.
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Assuntos: ASI. Publicado no YouTube em 2026-09-22.
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