- FET token unlock unlikely to spark major price shock due to high current supply
- Over 96% of total FET supply already circulating, minimizing future dilution risks
- Key team and foundation allocations are fully unlocked, shifting focus to strategy
In just under a week, the Artificial Superintelligence Alliance (FET) token is set for a major unlock. With nearly the entire supply already in circulation, investors are watching closely for any potential market impact. The alliance, born from a merger between Fetch.ai, SingularityNET, and Ocean Protocol, aims to become a leader in artificial superintelligence development.
Given the significant token emissions and near-complete unlocking of the total supply, questions are rising about how this upcoming event might influence price action, investor confidence, and long-term project sustainability.
High Circulating Supply Leaves Limited Room for Shock
Currently, 96.9% of the total 2.72 billion FET token supply has been unlocked, according to CryptoRank. This equates to about 2.63 billion tokens already in circulation, valued at roughly $1.58 billion.
As of April 21, 2025, the FET token trades at $0.603, marking a 6.49% increase. The circulating market cap stands near $1.59 billion, with a fully diluted value of $1.64 billion. This indicates limited future dilution potential, as only about 3% of tokens remain locked.
This high percentage of released supply suggests the April unlock may not heavily disrupt the market. Most of the major allocations, including those to the AGIX and OCEAN migration pools, have already been fully distributed. Together, they represent more than 54% of total token distribution.
Key Allocations Already Unlocked, Focus Turns to Strategy
According to Tokenomist, the emissions data shows a total of 2.12 billion tokens unlocked so far. Approximately 1.37 billion came through cliff mechanisms, while 752 million were released linearly.
Notably, categories like the Foundation and Founders & Team each holding around 8.48% have already been fully unlocked. Even the Future Release and Mining Rewards allocations have exceeded 100% of their initial allocation, showing some flexibility in distribution planning.
