Fetch.ai and Ocean Protocol Near Settlement for 286M FET Token Return
Fetch.ai and Ocean Protocol are close to settling a dispute over 286 million FET tokens. Under the proposed deal, Ocean Protocol will return the full supply of FET tokens, valued at about $120 million, and Fetch.ai will drop all related lawsuits. The initial proposal was outlined by Fetch.ai CEO Humayun Sheikh on X Spaces, with a formal written offer expected soon.
The controversy began when Fetch.ai accused an Ocean Protocol multi-sig wallet of converting OCEAN tokens into FET tokens and moving them to centralized exchanges, triggering concerns about potential sell-pressure. Since the dispute arose in March, FET token prices have fallen more than 90%, with on-chain indicators like the RSI showing deep oversold conditions.
Key uncertainties remain over the custody of returned tokens, their vesting or lockup terms, and future treasury governance. If the settlement includes transparent lockup schedules, it could restore community trust in both projects and ease sell-pressure on FET tokens. Traders are advised to watch for official documentation and clear token-return terms before adjusting positions.
Bullish
The proposed settlement could be bullish for FET token prices in both the short and long term. In the short term, returning 286 million FET tokens and a clear legal resolution would alleviate sell-pressure that drove the price down over 90%. Transparent lockup schedules and improved treasury governance could boost trader confidence and on-chain demand. In the long term, resolving the dispute may strengthen the Fetch.ai–Ocean Protocol alliance and encourage renewed investment in FET. However, traders should confirm the final lockup and governance details to validate the positive outlook.