FET: 2 on-chain metrics show the TRUE cost of AI panic

Key Takeaways

Why is FET rising today?

Nvidia’s strong earnings lifted AI sentiment, helping FET reach $0.32 with higher trading volume and renewed market confidence.

What on-chain signs support the move?

Whale accumulation and negative Exchange Netflow showed tokens leaving exchanges, reinforcing short-term bullish pressure on FET.

Global markets spent the past week debating whether heavy AI investment had stretched valuations too far.

Those fears intensified after funds such as Peter Thiel’s Thiel Macro exited their entire Nvidia position during Q3, a move confirmed by regulatory filings.

But Nvidia’s latest earnings erased much of that anxiety.

Nvidia’s results calmed AI panic

In a significant boost for AI narrative, the AI giant Nvidia recorded more than expected $57 billion in Q3 revenue. 

In doing so, the company achieved another record-breaking performance from its data center division, which recorded $51 billion, exceeding the $49 billion estimate. 

The company raised its Q4 guidance to $64 billion, signaling confidence in continued demand.

Source: Google Finance

With Nvidia recording higher revenues and presenting a bullish outlook, AI stocks reinvigorated after facing several uncertain days. In fact, Nvidia rose 5.08% premarket and 2.85% adding 5.16 points at press time. 

AI tokens surge with Nvidia’s momentum

Significantly, following Nvidia’s stellar performance for Q3 and bullish outlook for Q4, AI-themed coins led by FET reinvigorated. 

In fact, the Artificial Superintelligence Alliance [FET] reacted immediately. The token hit a local high of $0.33 before a small retracement.

At press time, FET traded at $0.32, up 10.08%, while trading volume rose 27% to $302 million, reflecting higher demand.

Who accelerated this price hike?

According to AMBCrypto, after positive developments in the AI sector, large investors, especially whales, increased their FET positions. 

Spot Average Order Size on CryptoQuant showed a sharp rise in large whale orders last week. On top of that, AMBCrypto’s review of exchange activity found that these orders aligned with accumulation rather than distribution.

Source: CryptoQuant

FET’s Exchange Netflow stayed negative for two consecutive days.

Netflow stood at –1.4 million FET, following a deeper –15.5 million FET move earlier. Negative Netflow shows tokens moving off exchanges, a sign of stronger spot accumulation.

Source: CryptoQuant

Historically, whale accumulation periods have preceded stronger price expansions.

Can the momentum hold?

FET rallied after Nvidia’s earnings helped restore confidence in AI-linked assets. Even so, the sustainability of this move depends on whether demand continues through the week.

Source: TradingView

The token’s Sequential Pattern Strength printed 15, showing rising buyer dominance. At the same time, FET moved above the EMA20, reinforcing short-term bullish momentum.

A close above EMA20 ($0.29) keeps upside targets active. If demand holds, buyers will aim for EMA50 at $0.34, then EMA100 at $0.44.

By contrast, a failure to hold above EMA20 opens a window for sellers, with support sitting near $0.26.