The recent 7% drop in the values of three AI-related tokens can be attributed to factors beyond the upcoming merger. The Artificial Superintelligence Alliance, comprising Fetch.ai, SingularityNET, and Ocean Protocol, announced a delay in the merger from June 13, 2024, to July 15, 2024. As a result, FET, AGIX, and OCEAN will continue to trade as separate tokens until the new merger date in July. This delay gives exchanges, validators, and other ecosystem partners time to address logistical requirements and finalize the remaining steps with centralized exchanges.
The ASI token is expected to be revealed through third-party integrations once the merger is finalized. At present, FET trades at $1.60, while AGIX and OCEAN are both priced at $0.68. These developments represent a significant change in the expected timeline for the merger and have implications for token holders and the broader AI research community. It’s important for stakeholders to closely monitor further announcements and developments in the lead-up to the new merger date.