Overview
- During a community X Space, Fetch.ai said it would drop legal action if the disputed tokens are returned, while Ocean Protocol indicated readiness to return them upon receiving a formal written proposal.
- No joint statement or signed agreement has been released, leaving the prospective settlement contingent and unconfirmed.
- One outlet reported, citing unnamed sources, that Ocean agreed to return roughly 286 million FET to a community pool with GeoStaking mediating, a claim not corroborated by the projects.
- On-chain data show an Ocean-associated multisig converted 661 million OCEAN into about 286 million FET and sent roughly 270 million FET to exchanges, fueling a supply overhang.
- Fetch Foundation launched weekly burns of 50 FET per wallet registered on asi1.ai as FET trades near $0.26–$0.27 with the RSI around 27, and traders wait for clarity on custody, lockups, and governance.