TAO, the native token of Bittensor, a groundbreaking decentralized protocol designed to create a peer-to-peer (P2P) market for artificial intelligence, is back in the spotlight yet again. Back in April 2025, the Bittensor AI token recorded a massive surge from $130 to over $464 in early May.
While the price retraced, TAO is making yet another attempt to break out. At the moment, the price now sits at a crucial level after pumping by over 9% on the day. This surge in Bittensor’s price can be attributed to surging interest from both retail and institutional investors.
Bittensor Pumps 8% Over the Last 24 Hours
While Bitcoin, Ethereum and other top altcoins are beaming with institutional interest, Bittensor (TAO) has also not been left behind. Ranked at number #31 in terms of market capitalization, the token is turning heads as AI tokens increase in demand. As a result, the price of TAO is growing immensely.
According to data by CoinMarketCap, the price of TAO sits at $414.49, as at press time. The current price level marks a 9.02% surge over the last 24 hours clearly painting a clear picture of the increasing demand. Additionally, the token’s market capitalization has grown to $3.65 billion.
On the other hand, Bittensor’s trading volume is pumping. Over the last 24 hours, TAO has recorded $131.07 million in trading volume. The trading volume has pumped by 96.91% in the same period thus highlighting the growing interest from retail traders.
What is Fueling TAO’s Price Pump?
Amid the growing institutional interest in Bittensor, a Nasdaq-listed IT solutions company Oblong announced a bold move to invest in TAO. As posted on X on June 6, Oblong plans to raise $7.5M through a private placement involving the sale of common stock for the purchase of TAO tokens.
The plan marks a huge milestone for the native token of the innovative decentralized intelligence protocol, Bittensor. Furthermore, Oblong aims to bridge the gap between traditional finance and decentralized artificial intelligence by investing in TAO.
“$TAO is the leading Layer 1 asset in the AI digital asset space, with a rapidly growing ecosystem of subnets, applications, and contributors. With a market capitalization of approximately $3 billion and strong fundamentals, the Company believes $TAO is positioned to be the defining asset of this new category,” Oblong wrote.
GM Bittensor community!
Announcing Oblong's($OBLG) $7.5M Private Placement to launch Bittensor-Centric AI x Digital Asset strategy.$TAO pic.twitter.com/S8Ny2mJvcL
— Oblong Inc. (@oblong_inc) June 6, 2025
By investing in TAO, Oblong will be tapping opportunities in the AI tokens market which is rather not sought after by public traded companies. This changes the narrative of institutional flow of capital from Bitcoin and Ethereum into other altcoins.
Bittensor Approaches Key Resistance Zone
After the recent price rally, Bittensor is pushing towards a key resistance zone. As per the daily chart on TradingView, the coin faces strong resistance around the $420 zone. Breaching past this zone previously resulted in a 21% surge between May 21 -22.
With TAO now sitting at $414, the price is just 1% below the key resistance zone. If the current momentum continues and this zone is breached, the next resistance lies around $464. A breach of this level would see Bittensor reclaim $500 price level.
In fact, Crypto Eagles predicts that if TAO continues to surge past the April bullish rally invalidation zone, the price could continue towards the $500–$550 range. This analysis stems from TAO’s formation of a new leg up after price reached the lower bound of April’s rally invalidation zone.
“Upside Target: $500+. Bullish continuation setup after consolidation. As long as we stay above the invalidation zone, the probability favors a new leg up,” Crypto Eagles wrote.
Nonetheless, invalidation of the bullish momentum could see Bittensor drop to the $354 support zone. Traders must thus continue to monitor the price of TAO to see whether it will surge past $420 zone resistance or retrace.
