It seems like you're referring to the trading pair $FET /USDT which is a cryptocurrency market where FET (Fetch.ai) is being traded against USDT Tether, a stablecoin. In this context, $FET /USDT" means the price of one FET token in terms of Tether.
If you're seeing a specific price change or increase in this pair e.g., an increase of $1.1525 this indicates a change in the price of FET relative to USDT.
Would you like to know more about how the market for FET/USDT works or any specific details regarding this pair $FET