FET token falls 5.82%, breaks key support amid heavy selling and Binance outflows

Artificial Superintelligence Alliance (FET) token dropped 5.82% to $0.125, breaking below a key support level of $0.1311 due to intensified selling pressure and broader AI token repricing. Despite ongoing ecosystem development, investors demand stronger adoption evidence before valuing FET higher. Binance has seen net outflows of FET tokens, with reserves declining about 20% over 90 days, while trading volume rose 23%, indicating increased selling activity. Although leveraged long positions were liquidated, reducing risk, no clear price reversal has emerged, keeping FET weak below resistance at $0.1311.