Overview
- TAO rose as much as 28% from roughly $243 to about $311 following the All-In Podcast discussion and is trading in the $289–$310 range into March 20–21.
- Opentensor confirmed Covenant-72B as a 72-billion-parameter LLM trained across 70+ contributors on standard internet hardware, scoring 67.1 on MMLU and documented in a March 2026 arXiv paper.
- Jensen Huang likened the distributed training run to Folding@home and said open and proprietary models are complementary, while not endorsing the token itself.
- Market activity hit multi-month highs, with Santiment tracking $677.06 million in daily spot volume and CoinGlass reporting futures open interest peaking at $361.15 million and remaining elevated.
- Institutional interest grew as Grayscale filed to convert its Bittensor Trust into a spot ETF and the trust traded at a premium, while traders watch for a decisive daily close above roughly $302–$305 resistance.