Ocean Protocol’s sale of billions of OCEAN tokens in exchange for FET following its exit from the ASI Alliance has led to accusations and tensions with Fetch AI.
Blockchain analytics firm Bubblemaps has flagged over $100 million worth of community tokens allegedly sold by Ocean Protocol following its merger within the ASI Alliance. The report highlights the exchange of 6.61 billion OCEAN for 2.86 billion FET tokens, followed by significant transfers to Binance and GSR Markets. Fetch AI has accused Ocean Protocol of misconduct, while Ocean’s CEO dismissed the claims as unfounded, promising an official response.