Bittensor Breakout: TAO Surges Amid Rising Open Interest and Heavy Long Bias

Bittensor (TAO) has been on a tear, rising sharply after breaking free from a long consolidation phase. The token's price is currently at $270.61, up 13.98% in the past 24 hours, according to Coinglass data.

The market capitalization of TAO stands near $3.03 billion, with a fully diluted valuation of roughly $5.677 billion per DefiLlama data. The circulating supply is listed at 11.31 million TAO against a fixed maximum supply of 21 million TAO.

Altcoin market momentum has clearly favored TAO this month. The token is up 18.88% over 7 days, 39.90% over 30 days, and 35.47% over 180 days, though it remains down 14.64% on a one-year basis.