TAO Hits Four-Month High as Bittensor Halving Boosts Staking Activity

Bittensor’s token TAO surged to a four-month high on March 25, helped by rising subnet activity and the network’s first halving event. TAO was last around $350, up about 12% on the day, with 24-hour volume near $887.8 million and a 7-day gain of roughly 25%. Key catalyst: subnet staking expanded sharply. CryptoRank data shows total TAO staked across Bittensor subnets climbed from about $74.4 million to over $620 million in 12 months, alongside subnet count rising from ~80 to more than 120. Several subnet projects posted strong monthly gains, including Templar (+171%), Quasar (+146%), NOVA (+66%), Targon (+36%), and iota (+29%). Supply dynamics also mattered. CoinGecko links the move to the completion of Bittensor’s first halving, which cut token emissions by half, adding a new supply-side catalyst as traders reassessed TAO issuance. Notably, most TAO is still outside subnets: a quoted estimate says about 19% is staked in subnets, while around 48% remains in Root. Analysts cited the potential for future capital rotation into subnets if they reach larger value targets. Market context: TAO was among the better performers in the top 100 by market cap and traded with broad momentum earlier in March, supported by buying pressure and a reported short squeeze. Analyst Michaël van de Poppe pointed to the next resistance area near $500.