Overview
- TAO traded around $310 to $315 with roughly $640 million to $750 million in 24‑hour volume and a market value near $3 billion, outpacing many altcoins.
- Futures activity jumped as CoinGlass tracked derivatives volume near $1.8 billion, open interest up about 31%, and a positive long‑short ratio.
- Signals were mixed, with CryptoQuant flagging an overheated futures map even as other coverage described leverage as contained.
- Bittensor pays AI model builders in TAO for training and inference, and traders point to a 21 million cap and an estimated 9.6 million circulating supply as key supports.
- AMBCrypto’s outlook set a near‑term path to $350 if $326 turns to support but warned of a drop toward $260 if momentum cools, and Pine Analytics said many subnets rely on subsidies, citing Chutes’ 14.4% share of emissions and the risk of strain when issuance halves again.