The Bittensor price surged to $430.4, marking a 25% jump after Coinbase confirmed its listing of TAO. The announcement, made on February 19, 2025, stated that TAO trading will begin on February 20, pending liquidity conditions.
Coinbase Confirms TAO Listing
Coinbase, one of the world’s leading crypto exchanges, announced its support for Bittensor (TAO) with trading set to launch in phases. The TAO-USD trading pair will open once there is enough supply. However, the exchange noted that support may be restricted in some regions.
This development has fueled excitement among traders and renewed confidence in Bittensor’s growth.
TAO Price Reaction: 25% Jump & 70% Volume Spike
Following the Coinbase listing news, Bittensor’s price soared by 25%, reaching a new weekly high. The move helped TAO recover recent losses amid broader altcoin market struggles.
Additionally, trading volume skyrocketed by 70% to $258.75 million, indicating strong investor interest. This surge comes as the AI token remains 33% down over the past year.
Market analysts believe this newfound momentum could drive further gains, especially as the crypto-friendly Trump administration bolsters investor sentiment.
Bittensor’s Market Position & AI Focus
Launched in 2019, Bittensor is a key player in the AI-powered blockchain sector, advocating for decentralized AI development.
Key Stats:
- Market Cap: $3.79 billion
- Ranking: Among the top AI tokens, with NEAR
- Venture Capital Backing: Pantera Capital, Digital Currency Group, and Lyrik Ventures
The recent release of the Dynamic TAO whitepaper hints at upcoming upgrades, which could enhance TAO’s utility within the AI space.
Why the Coinbase Listing Matters
The listing on Coinbase is a significant milestone for Bittensor, signaling increased mainstream adoption. Analysts at Grayscale highlight TAO’s role in democratizing AI access, contrasting it with centralized initiatives like DeepSeek, which raise concerns over data security and bias.
As Bittensor expands its exchange listings, its influence in AI and blockchain is expected to grow.
What’s Next for TAO?
Currently trading at $413.03, investors are watching closely to see if this Coinbase listing will push TAO to new highs. With growing market confidence and institutional backing, Bittensor’s future looks promising.
