Ocean Protocol Exits ASI Alliance Amid Governance Disputes

Ocean Protocol formally exited the ASI Alliance on October 23, 2025, citing governance violations and alleged asset mismanagement by SingularityNET and Fetch.ai, according to their official statement.

This departure highlights governance risks in blockchain alliances, affecting investor confidence and impacting cryptocurrency markets significantly.

Market Reacts: FET Token Plummets 93% Amid Sell-Offs

The market reaction has been significant, with the FET token experiencing a marked decline. Ocean attributes the 93% drop in FET’s value primarily to large-scale sell-offs by its former partners.

The Did you know? The 93% price decline of FET following alleged reckless actions by SingularityNET and Fetch.ai mirrors past crypto governance crises, highlighting the potential volatility in token values due to internal conflicts.

Trent McConaghy, Founder, Ocean Protocol, stated, “Effective immediately, Ocean Protocol Foundation has withdrawn its designated directors and resigned as a member of the Artificial Superintelligence Alliance.”

Market Data and Insights

Did you know? The 93% price decline of FET following alleged reckless actions by SingularityNET and Fetch.ai mirrors past crypto governance crises, highlighting the potential volatility in token values due to internal conflicts.

Ocean Protocol’s recent price movements show a 13.29% increase in the last 24 hours, reflecting a 15.66% climb over the past month, according to CoinMarketCap. The current market cap stands unreported with a fully diluted cap of $432.25 million and OCEAN token trading volume dropped 44.33% in 24 hours, indicating investor caution.

Experts suggest the legal and financial repercussions could impact the wider DeFi sector, emphasizing the necessity for robust governance structures. Reactions from the Coincu team emphasize the potential implications for regulatory scrutiny as decentralized ecosystems evolve.