TAO is rising after a sharp rally in March, with X traders framing the latest pullback as a routine decline rather than the end of the move, as Bittensor’s AI narrative and on-chain metrics keep the focus on the token.
summary
- TAO is trading just above $310 today after a volatile month that saw the token briefly surpass $350 before correcting.
- “Every big push gets some form of correction,” says X trader Michael van de Poppe, describing the current action as “just normal price behavior” and a “potential area to buy on dips.”
- Bittensor’s fully diluted valuation is in the mid-single digit billions, making TAO among the largest AI-related crypto assets as halving dynamics and subnet growth fuel speculation.
tau (Tao) is trading at around $311-$317 today, down roughly 3% over the past 24 hours but still solidly up on the month as liquidity is concentrated in major AI-related currencies rather than penny stocks. Bittensor’s market capitalization is near $3 billion to $3.5 billion on a circulating supply of just over 10 million TAO, implying a fully diluted valuation between roughly $6.5 billion and $7 billion at current prices. According to the Bittensor price page on crypto.news, TAO is down roughly 2% over the past day but remains one of the best-performing large-cap AI tokens over the past month.
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His comments come after TAO briefly traded near $350 when Bittensor completed its first halving and the value of the subnet stake topped around $620 million, before the token clawed back part of those gains. A recent crypto.news story noted that the rally pushed TAO higher by more than 100% in March as subnet valuations approached $1.5 billion, elevating the token back into the upper tier of AI infrastructure assets by volume.
Bittensor remains in a decentralized mode Amnesty International A market where machine learning models are rewarded in TAO for providing inference and training, placing the token at the center of AI infrastructure trading rather than pure speculation. The network is operating at a cap of 21 million TAO with a halving-style issuance schedule, a structure that Binance Research and other institutional commentators compared to Bitcoin supply dynamics when explaining the renewed interest around the $280-300 accumulation zone.
According to Ask, my dear On the price page on crypto.news, the token is still trading more than 50% below its all-time high near $750, even after a rebound this year, underscoring both the upside option and drawdown risk for traders relying on the AI thesis. crypto.news’ previous coverage of TaoThe March breakout, a four-month high halving, and questions about whether the price can sustain a move above $400 in April all underscore how quickly sentiment can swing as leverage builds and then resets across derivatives venues.
Given this setup, Van de Poppe’s framing of the current pullback as “just normal price behavior” is likely to resonate with traders who view the post-halving TAU’s stability above $300 as a starting point rather than a ceiling, even as broader synthetic crypto flows remain highly sensitive to macro risk and the positioning of the technology sector.
