Overview
- TAO traded around $310 to $315 after a roughly 12% to 16% daily jump, with 24‑hour volume reported near $640 million to $750 million and a market value close to $3 billion.
- Futures activity swelled, with open interest up about 31% to roughly $404 million and derivatives volume near $1.8 billion as net inflows turned positive.
- Coverage diverged on the driver, with crypto.news pointing to renewed accumulation by AI‑focused buyers while AMBCrypto warned of overheated retail leverage.
- Bittensor powers a decentralized network where developers earn TAO for running AI models, and its 21 million cap, halving‑style issuance, and about 9.6 million circulating coins point to a tight float.
- Technical views set a near‑term path toward $350 if $326 turns into support, with a risk back to about $260 if the rally loses steam.