Ocean Protocol accused of dumping $100M in FET

On-chain analytics firm Bubblemaps has alleged that Ocean Protocol dumped over $100 million worth of Fetch.ai (FET) tokens, pointing to 270 million FET that were moved from a team wallet to Binance and over-the-counter (OTC) firms. The allegations follow Ocean Protocol's Oct. 9 announcement that it was withdrawing from the Artificial Superintelligence (ASI) Alliance, which it had co-founded with Fetch.ai and SingularityNET. Bubblemaps noted that Ocean Protocol did not disclose the FET transfers at the time and failed to provide a clear reason for leaving the alliance. The Fetch.ai team has publicly accused Ocean Protocol of selling community tokens. In response, the CEO of Ocean Protocol refuted the claims as baseless falsehoods and stated that an official rebuttal is being prepared. Meanwhile, a wallet associated with an Ocean Protocol Gnosis wallet deposited another 16.05 million FET, worth approximately $4.19 million, to Binance today.