Fetch.ai’s Bold $50M FET Buyback Signals AI Agent Dominance—Is This the Next Big Crypto Play?

Fetch.ai just dropped a bombshell—a $50 million FET token buyback as its AI agents go mainstream. Because nothing says 'we believe in our product' like burning cash to prop up the price.

The AI Agent Gold Rush

Autonomous agents are eating the crypto world alive, and Fetch's treasury just blinked first. That $50M isn't confidence—it's a hedge against VC unlocks.

Cynic's Corner

Watch the 'strategic buyback' narrative get milked for every cent of that $50M. Bonus points if they announce an 'AI partnership' the week after the tokens hit the treasury.

Why the radical FET buyback strategy?

The Fetch Foundation’s $50 million buyback plan suggests more than just a financial maneuver to prop up the token’s price. The foundation appears to be making a calculated response to tangible growth in the Fetch.ai ecosystem since its establishment in 2017.

Notably, Fetch.ai’s autonomous agents, powered by its ASI1 infrastructure, are seeing accelerated adoption across industries, from decentralized finance to IoT automation. Recent partnerships, such as the collaboration with AkedoFun to integrate AI agents into gaming ecosystems, underscore the expanding demand for Fetch’s technology.

With ASI1 enabling more complex AI operations on-chain, the foundation may be anticipating a supply crunch as usage grows. The buyback could be aimed at ensuring liquidity for an ecosystem where tokens are fuel, not just tradable assets.

The announcement sent FET up over 7% in early trading, jumping from a daily low of $0.6434 to as high as $0.7045 before paring some of the gains to exchange hands at $0.6833 at the time of writing.