Key Takeaways
- Ocean Protocol Exit: Ocean Protocol Foundation confirmed its immediate withdrawal from the Superintelligence (ASI) Alliance, ending its formal role in the $OCEAN–$FET–$AGIX token merger.
- Independent Roadmap: The foundation said all future development funding remains fully secured and independent, with profits from Ocean-based technologies to fund a permanent $OCEAN buyback-and-burn program.
- Market Reaction: $OCEAN/USD surged over 40%, climbing from $0.24 to $0.34 before easing to around $0.27, as traders reacted swiftly to the announcement.
- Technical Picture: Momentum indicators show cooling sentiment: the MACD remains positive at 0.0096, while RSI retreated from 75 to 58, suggesting consolidation after a high-volatility session.
Table of Contents
Ocean Protocol Foundation has withdrawn from the Super intelligence Alliance, known as the ASI Alliance, with immediate effect, confirming the resignation of its designated directors and the termination of its membership, formally ending its role in the token merger initiative.
The announcement marks a clear separation from the body that managed the integration of $OCEAN, $FET, and $AGIX tokens, with funding for its future development remaining fully secured and independent of the Alliance.
Ocean confirmed that profits from new ventures and technologies built on its framework will be used for buybacks that permanently remove $OCEAN tokens from circulation, ensuring a steady reduction in the overall supply.
According to the announcement, the token bridge, operated solely by Fetch.ai, remains open for $OCEAN holders to convert to $FET at a fixed rate of 0.433226 per token.
What is the ASI Alliance?
The Artificial Superintelligence (ASI) Alliance, registered in Singapore, was established in early 2024 through a collaboration between Fetch.ai, SingularityNET, and Ocean Protocol. The initiative aimed to unify the three ecosystems under a shared token structure and governance framework to advance decentralized artificial intelligence.
The merger designated Fetch.ai’s FET token as the base asset, with fixed conversion rates allowing AGIX and OCEAN holders to migrate into the ASI ecosystem. The rollout began in July 2024, introducing a phased migration process and coordinated rebranding across exchanges and project infrastructure.
Phase 2 of the Alliance’s roadmap included deploying ASI across multiple chains, upgrading the Fetch.ai network, expanding cross-chain bridge support, and onboarding additional partners such as CUDOS to strengthen decentralized computing capacity.
By mid-2024, around 81% of the total OCEAN supply had been converted into FET, though about 270 million OCEAN tokens remained unconverted across roughly 37,000 addresses. The Alliance maintained that each founding project retained its independence, describing the collaboration as a voluntary effort to align technical development, liquidity, and community resources under a unified ecosystem for decentralized AI.
Market Reaction
Following Ocean Protocol announcement, $OCEAN spiked sharply from around $0.24 to a session high near $0.34, marking a one-day gain of roughly 42% before retracing.
The pair is now trading near $0.27, holding above key short-term support at $0.26, with the MACD indicator showing a positive reading of 0.0096 over 0.0070, confirming that bullish momentum remains but is beginning to fade as the histogram narrows.
The RSI has cooled from overbought territory above 75 to around 58.5, reflecting a moderation in buying pressure. Overall, the market appears to be consolidating after the announcement-driven surge, with traders watching whether $OCEAN can hold above $0.26 to establish a higher base or risk sliding back toward the $0.24 zone.
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