Artificial intelligence-focused crypto project Fetch.ai (FET) continues to attract attention from whales as it maintains its upward momentum.
FET gained momentum after the announcement of NVIDIA’s AI-themed event, GTC24, scheduled to take place from March 18-21, and the invitation of the Fetch.ai team.
According to on-chain analysis platform Spot On Chain, a significant whale made a purchase of 1.72 million FET worth $4.1 million on March 7, driving the price movement.
Within the last 5 days, the same whale accumulated 13.4 million FET worth $25 million at an average cost of $1.86, resulting in a profit of $12 million.
Additionally, notable transactions were observed in a wallet associated with the Fetch.ai team. On March 7, wallet “0x488” transferred 5 million FET valued at $11.2 million to the crypto exchange Binance, where it currently holds 1.12 billion FET worth $3 billion.
According to CoinGecko, FET has witnessed a 40% increase in the last 24 hours, with a current trading price of $2.77.
