The altcoin Artificial Superintelligence Alliance (FET) has announced that it will burn five million FET tokens on January 10 in order to create deflationary pressure on the ecosystem. Despite the burn news, the price of FET has increased by 14% in the last week. FET is ranked sixth among the world's largest AI-themed altcoins, with a market value of $3.63 billion. However, it is currently trading 57% lower than its all-time high of $3.47. FET operates on the Ethereum, BNB Chain, and Cosmos networks. This summary does not provide investment advice.



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