TAO Surges 9.7% as Institutional Demand and Grayscale AI Fund Drive Record Trading Activity

Bittensor (TAO) is currently trading at $428.1 on Binance, reflecting a 9.74% increase over the past 24 hours from a 24h open of $390.1, with trading volume on Binance reaching $28 million and a live market cap near $3.76 billion. The recent price surge is attributed to rising trading activity, bullish technical signals (RSI at 58, MACD crossover), increased on-chain adoption (12% growth in daily active addresses), institutional accumulation by firms like Safello, and positive sentiment following Grayscale’s launch of an AI Crypto Sector fund that includes TAO, all contributing to heightened market interest and momentum.