Wallets associated with Fetch_ai have initiated a series of deposits of FET tokens to Binance following a substantial minting event.

Over the past 13 hours, two specific wallets, identified as 0x633 and 0xbb0, which previously received tokens from the Fetch foundation, have collectively deposited 1.47 million FET tokens, totaling $3.59 million, to Binance.

Notable Events:

The Fetch foundation recently executed a significant minting process, generating 1.48 billion FET tokens, valued at $2.96 billion. This action aimed to bolster support for the ASI Token Exchange Mechanism, which occurred 5 days ago, consequently increasing the total supply to 2.63 billion FET tokens.

In the past month, the two aforementioned wallets have collectively deposited 4.9 million FET tokens, amounting to $11 million, to Binance at an average rate of approximately $2.26 per token. Interestingly, these transactions often occurred prior to subsequent price drops.

Addresses:👇

0xbb0d022d708aaae955fef9804da2a549da9b5905

0x633ccbb3bfeae37cd88336e730855c22237c3f9d

These actions suggest strategic movements by the associated wallets in response to recent developments within the Fetch . ai ecosystem and the broader market dynamics.