Bittensor Price Surges on Raydium Integration, Reaches Three-Month High

AI-themed tokens have been experiencing renewed capital rotation, and Bittensor (TAO) is in the middle of fresh market demand. The market cap of AI coins jumped by 5% to $19 billion while trading volume skyrocketed by 18% to $3.97 billion.

The price of TAO has also seen strong upside pressure, extending its upsurge after previously flipping $250 to reach a high of $277. This is the first time it has reached these levels since June.

The integration with Raydium, a Solana-based DeFi platform, has been a major catalyst for TAO's price increase. The integration connected decentralized AI infrastructure with Solana's user base, and as a result, TAO now has a wider user base.

In addition to the increased demand from the Raydium integration, a Bittensor memecoin called BUTT was launched on Solana after it went live on Raydium. The launch of BUTT drove the price for TAO up as holders had to swap to TAO first.