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Crypto

TAO Soars as Bittensor Integration with Raydium Ignites Demand

Guavy AI Editorial Team
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SOL TAO
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Bittensor's token TAO has surged to a three-month high after going live on Raydium, a decentralized finance platform. The integration connected Bittensor's AI infrastructure with Solana's DeFi capital, expanding its user base and driving demand for the token.

The price of TAO reached $277 before retracing to $267 at press time, still up 13.4% on the daily charts. Market cap crossed $3 billion while trading volume rose 164% to $558 million.

The integration with Raydium also led to the launch of a Bittensor memecoin called BUTT, which saw its market cap rise to over $6 million after holders swapped to TAO first.

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