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Fetch Foundation will conduct a $50 million buyback of FET tokens across multiple exchanges, driven by increased usage of ASI1 and its intermediary platform. The operation will be executed simultaneously on several exchanges with the support of market makers.
Fetch Foundation announced a comprehensive $50 million buyback program for $FET tokens. This process will take place simultaneously on multiple cryptocurrency exchanges. The project team adopts this strategy to increase market liquidity and support the value of $FET tokens.
With increasing use of ASI1 and our agent platform we are seeing increased utility. I believe that $fet is undervalued and I am pleased to announce that fetch foundation will be doing a $50m buyback of the $fet tokens from the market on multiple exchanges with support from our…
— Humayun (@HMsheikh4) June 19, 2025
Humayun Sheikh, CEO of Fetch.ai, stated:
“With the rising usage of ASI1 and our agent platform, I believe the current value of $FET token is underestimated. Therefore, with the support of our market makers, we will execute a $50 million buyback. Our goal is to boost investor confidence and support the market performance of our token.”
The buyback process is planned in line with the platform’s future growth targets. In the initial phase, $FET tokens will be collected from different exchanges, thereby reducing the circulating supply. This will also strengthen investor confidence in Fetch Foundation.
While the program aims to create long-term value for FET token holders, it also serves as a move to reduce market volatility. The project will provide regular reports to investors with up-to-date information on the buyback process.
Fetch Foundation continues to strengthen $FET tokens to accelerate blockchain adoption. This move will solidify the project’s ecosystem and create a competitive advantage. It will also open doors for new collaborations.
Interest in FET tokens is expected to rise in the market. This development may increase the token’s trading volume. As a result, Fetch Foundation stands out in the sector with its strategic buyback decision. FET is currently trading at $0.689.
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