FET Leads Renewed Momentum in AI Crypto Tokens June 2026

Summary

• FET crypto posted a 4.3% gain on 29 June 2026 as capital rotated into AI tokens after a major centralized model shutdown.
• NEAR Protocol declined 8.5% during the same period amid broader sector weakness tied to traditional AI news.
• Trading volume for the Artificial Superintelligence Alliance token reached $54,226,081 in 24 hours despite mixed price action.

FET crypto rose 4.3% on 29 June 2026. The wider market absorbed news of a major centralized AI model shutdown. Traders rotated capital into decentralized AI projects.

Money moved into Artificial Superintelligence Alliance tokens. Bitcoin traded near $59,821 and posted an 8.34% monthly decline according to Forbes data.

Context

Centralized AI providers faced fresh scrutiny in late June 2026. One prominent model went offline. Investors looked for alternatives that operate without single-entity control.

The Artificial Superintelligence Alliance merges Fetch.ai, SingularityNET, and Ocean Protocol under one token. It positioned FET crypto as a direct beneficiary of that shift. NEAR Protocol did not see the same immediate inflow.

Details

FET trading volume hit $54,226,081 over the prior 24 hours per CoinGecko figures. The token also recorded a 1.91% hourly gain at one point during the session.

"FET rose 4.3% as capital rotated into AI tokens following a major centralized model shutdown."

, CoinMarketCap (Source)

NEAR Protocol fell 8.5% on 26 June 2026. Sector sentiment wavered after traditional AI headlines according to CoinMarketCap. Some analysts flagged bearish signals for FET itself.

They noted an earlier drop past the $0.229 level amid derivative metric changes. Project updates from the ASI Alliance highlighted ongoing work on decentralized AGI research and agent execution verification systems. These efforts aim to deliver infrastructure that remains open and not controlled by any single corporation.

Reaction

Market participants noted the divergence between FET crypto and both Bitcoin and NEAR. The $432K token unlock scheduled for 28 June 2026 added another layer of attention around supply dynamics.

Social Highlight · @ASI_Alliance

Powered by $FET, the ASI Alliance delivers decentralized AGI research and secure, scalable, open infrastructure that is not controlled by any single corporation. (link)

Outlook

Traders will watch whether the 4.3% FET gain holds through early July 2026. They will also track how the ASI Alliance roadmap updates influence further capital allocation into AI tokens.