Bittensor (TAO)

$TAO holders sentiment is on the floor. Gonna do what many don't like to do, at the bottom, look at the actual data. Because the structure being built under the price is unlike anything else I've seen in crypto, and I can prove it with the numbers.

First, tbh, yes, there is sell pressure. TaoRevenue shows roughly 65,352 $TAO of inflow and burn against 286,917 $TAO of outflow over 30 days.

Miners and validators sell emissions to cover real costs, GPUs, power, payroll. That is the toll of building actual infrastructure instead of vaporware. Most coverage stops there. That is a mistake.

Now the other side, and it is stacking:

• 46 of 128 subnets are at FULL BURN 🔥 right now, burning 100% of miner emissions. Average burn across the network sits at 55%. Emissions that never hit the market
• 44 of 126 subnets have cleared the 10 percent conviction gate, with 229.8k $TAO, roughly $48.8M, voluntarily locked on 90-day half-life terms. That is capital choosing to be illiquid
• 66% of circulating supply, 7.35M $TAO

NEW: Bittensor TAO Alerts reports 7,358,251 TAO staked, listed as 66% of supply, with 5,963 TAO added to staking since yesterday.
https://t.co/Z6lGqD0Ir3

The Bittensor $TAO ecosystem weekly update Vol.17

The end of Q2 and the beginning of a new month brought a lot of news around revenue and buybacks for Bittensor subnets.

🧵 https://t.co/27SlMxLXw8