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Recently, the performance of the FET coin in the Crypto Assets market has attracted widespread follow. It rose from an initial $0.03 to $3, achieving an astonishing hundredfold rise. This huge increase has led many investors to flock in, hoping to catch this fast train.
However, behind this prosperous scene, some worrying issues are surfacing. The most striking is the sudden change in the total amount of the FET coin. Originally, the announced total was 2.4 billion coins, but it has quietly increased to 2.7 billion coins recently, and this change has occurred without any official announcement or explanation.
In the field of Crypto Assets, we often hear news about token burns or halvings, which are usually aimed at enhancing the value of the coin. However, FET's move runs counter to this, inadvertently diluting the value of the coin.
This opaque operation has raised many doubts in the market. Typically, an increase in the total supply of tokens leads to inflation, which in turn affects the coin price. More importantly, this behavior may undermine the confidence of investors and market makers.
For investors who have already purchased or are planning to purchase FET, this is undoubtedly a signal worth being cautious about. In the Crypto Assets market, transparency and trust are crucial. This kind of behavior from the project team may not only affect short-term coin prices but may also have adverse effects on long-term development.
In this case, investors need to remain cautious and closely follow the subsequent developments and explanations from the project parties. At the same time, this has also sounded the alarm for the entire Crypto Assets industry, calling for higher transparency and more regulated operating methods.