Bittensor’s TAO token surged past the critical $300 level, climbing to $310.96 with a 2.2% daily gain as AI sector momentum and ecosystem expansion fueled a bullish outlook. Trading volume hit $247.5 million, highlighting strong participation after the token rallied 18.3% over the past week and 25.4% over two weeks.
The price action was supported by renewed investor interest in AI-linked assets following AMD’s sharp stock rally and by improving Bittensor network fundamentals. Approximately 73% of TAO’s total supply is staked, locking about $2.2 billion in value and reducing liquid sell pressure. The network also generated $43 million in AI-related usage revenue during the first quarter, reflecting growing subnet adoption.
Bittensor’s subnet expansion remained a key catalyst. Tokenomist launched a dedicated dashboard for subnet tokens, while dTAO subnet tokenization introduced individual token structures. Upcoming milestones include the rollout of Conviction Locks on May 13 and the Affine Subnet beta launch.
On May 9, Grayscale reopened private placements for its Grayscale Bittensor Trust (GTAO), giving accredited investors fresh access to TAO through a traditional security. GTAO’s market price stood at $9.06 with a NAV per share of $5.97, managing roughly $13.06 million in assets across 2.1 million shares and carrying a 2.50% expense ratio. Institutional demand intensified after the trust’s public launch on December 12, 2025.
At the same time, canonical TAO went live on Solana via Wormhole’s Sunrise integration, enabling native trading on Jupiter Exchange and Meteora, plus wallet support from Phantom and Solflare. The multi-chain expansion boosted liquidity and reinforced TAO’s position as a leading institutional-grade AI crypto asset.
From a technical standpoint, the $300 level now acts as immediate support. Holding it could open the path toward the $330–$350 range, while a loss may trigger a pullback to $290.
