Bittensor's TAO token fell 6.9% to $238.91 amid a week-long decline linked to Covenant AI's exit due to centralized control concerns. Competing AI tokens had smaller declines. Despite the downturn, TAO remains the top AI token by market cap, with Grayscale increasing its allocation.

Gate News message. On April 13, Onchain Lens monitoring shows that Loracle increased its CL short position (7x leverage) to $19.76 million and increased its TON long position (5x leverage). In addition, Loracle also holds BTC, NEAR, LIT, TAO, PAXG, and

Gate News message, on April 10, according to Gate market data, as of the time of publication, TAO (Bittensor) is trading at $269.80, down 16.28% over the past 24 hours. It reached a high of $341.10 and fell to a low of $248.60. The 24-hour trading volume is $14.71 million. The current market cap is approximately $2.59B. Bittensor is an open-source protocol that supports a decentralized, blockchain-based machine learning network. Machine learning models train collaboratively and earn rewards in TAO based on the value of the information they provide to the collective. TAO also enables external access, allowing users to extract information from the network and adjust network activity according to their own needs. --- Key recent news about TAO: 1️⃣ **

Gate News message: On April 7, Multicoin Capital co-founder Kyle Samani posted on X in response to KOL ampera, saying he is willing to take a bet on ampera’s view that “Bittensor (TAO) will enter the top 10 among all crypto assets by 2028,” and is willing to accept a maximum bet amount of $1M.

Grayscale Investments has filed a revised S-1 form, planning to convert the Bittensor trust into an ETF, involving the TAO token. If approved, it would be listed on the New York Stock Exchange, boosting liquidity and transparency and attracting more institutional investors. This move reflects growing interest in the decentralized AI space, and it also means institutional capital is looking for new investment opportunities.

Gate News update: On April 3, according to an SEC filing, Grayscale submitted an S-1 amendment for its Bittensor (TAO) trust to the U.S. Securities and Exchange Commission. The trust is a passive investment product that primarily holds the native token TAO from the Bittensor network, aiming to give investors a way to gain exposure to TAO tokens by holding shares of the trust.

Gate News bot message, CryptoRank released its top trending cryptocurrencies for March. AI, predictions, and perpetual contracts attracted significant attention during the month. $OPN ranked first, with $BP and $BTC following in second and third positions respectively. $TAO, $SIREN, and $HYPE also a

The decentralized AI project Bittensor (TAO) has rebounded to around $330 since February 2026, with a weekly increase of over 20%, bringing its market capitalization to $3.17 billion. The current rise is driven by genuine demand, with spot trading volume recovering and market sentiment warming up, but risk signals are gradually increasing. Investors need to pay attention to market volatility and capital flows.

Gate News bot message, market data shows the top 7 best-performing cryptocurrencies in Q1 2026. STABLE recorded an 86% increase, ZRO rose 65%, HYPE gained 56%, TAO climbed 46%, JST increased 42%, RENDER advanced 32%, and TRX posted an 11% gain. Tron is the only Top 10 coin that posted positive growt