Fetch.AI Foundation will buy back $50 million worth of FET tokens. The CEO claims the tokens are undervalued.

SerumDegen · 2025-06-19T08:20:41+00:00

On June 19, Fetch.AI CEO Humayun Sheikh posted on social media, "With the increasing use of ASI1 and Fetch.AI proxy platforms, the team has seen that the utility of FETs continues to increase. I believe FET is undervalued and am pleased to announce that the fetch Foundation will be repurchasing $50 million in FET tokens from the marketplace on multiple trading platforms, with the support of Fetch.AI's market makers."

SerumDegen

2025-06-19 08:20:41

On June 19, Humayun Sheikh, CEO of Fetch.AI, posted on social media: “As the use of ASI1 and the Fetch.AI agency platform increases, the team has seen the utility of FET continue to rise. I believe FET is undervalued, and I am pleased to announce that with the support of Fetch.AI’s market makers, the fetch foundation will repurchase 50 million dollars worth of FET tokens from multiple trading platforms.”

FET-3.69%

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