Bittensor (TAO) experienced a 17% price increase after Coinbase announced its listing. The ‘Coinbase Effect’ remains a significant factor, boosting interest in newly listed tokens. Despite challenges in the AI market, TAO is regaining its bullish trend.
Market sentiment around TAO has strengthened recently, particularly following Elon Musk’s interest in OpenAI, positively impacting AI tokens. Coinbase plans to start TAO trading on February 20, 2025, depending on liquidity, suggesting potential further growth.