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Recently, the performance of the FET market is concerning. Despite news of a $55 million acquisition, the market response has been tepid, and the coin price continues to fall. In this situation, it is unwise for investors to still lack a sense of crisis.
What is even more shocking is that the total supply of FET suddenly increased from 2.4 billion to 2.7 billion without any warning or announcement. This kind of practice is very rare in the cryptocurrency market and often indicates that the project may be heading towards a bubble.
From a technical perspective, FET has formed a clear downward trend. The current price movement is concerning, and there is even a possibility of falling below the 0.4 USD mark. Considering the sudden increase in supply, the coin price is expected to shrink by about 15% as a result.
As investors, we should not be armchair strategists, but rather remain vigilant at all times. The common phenomenon of retail investors being 'sheared like chives' in the market largely stems from the selective blindness of investors. Even when they detect warning signals, they often are unwilling to cut their losses in time.
In the current market environment, investors are advised to closely monitor the price trends and project dynamics of FET, and to manage risks effectively. At the same time, be wary of sudden changes that may occur in similar projects, such as unexpected increases in total supply. Only by maintaining rationality and caution can one stand firm in this highly volatile market.