Ocean Protocol recently announced its exit from the Artificial Super Intelligence Alliance, citing that partners SingularityNET and Fetch.ai violated asset control commitments. The significant fall of the FET Token after the merger is related to internal dumping within the alliance, and Ocean emphasized that it will continue to develop independently to protect community interests.

PANews reported on October 23 that Ocean Protocol explained its reasons for withdrawing from the ASI alliance to refute "false accusations," blaming its partners SingularityNET and Fetch for violating the alliance's core commitment of "retaining control of assets by all parties." Ocean pointed out that after the merger, SingularityNET engaged in reckless financial operations and significantly consumed market liquidity, including issuing an additional $100 million in Tokens and maintaining a huge monthly expenditure of $6 million. Fetch founder Sheikh was accused of ignoring the principles of Decentralization, not only selling a large amount of Tokens but also attempting to force Ocean to convert all assets of its independently operated community treasury, oceanDAO, into FET Tokens. Ocean requested to withdraw as early as April 2024 due to the loss of cooperation basis but was met with legal threats. Ultimately, Fetch and

According to Foresight News, as reported by Phoenix News, Ocean Protocol has exited the ASI alliance, and the OCEAN Token can be unpegged and relisted on the exchange.