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I just noticed that FET has dropped significantly over the past month—falling from $0.31 to $0.14, and now it's around $0.21. The volatility is crazy, especially considering that 30 days ago it had already dropped 11%. But what's interesting is that while the price is being squeezed, the Fetch AI network continues to grow.
On-chain data shows something different from the price action. Mainnet transactions have surpassed 35 million all-time, and in the last 30 days alone, the network has processed nearly 522,000 transactions. Agentverse now has 2.5 million active agents that keep expanding. These aren't small numbers—indicating the ecosystem remains solid despite the token being down.
From what I've observed, this phenomenon is quite common in the AI crypto sector. There's a gap between price performance and network fundamentals. Some traders see this as a signal—when usage metrics keep rising but the price drops, it could be an indicator to tighten risk tolerance. The question is, can this growth eventually push the price upward, or will the price continue to be pressured? That's the million-dollar question right now.