Bittensor (TAO) Soars Past $293 as AI Model Launch Fuels 46% Monthly Gain

Key Highlights

• Bittensor (TAO) surged more than 56% over a seven-day period, reaching an intraday peak of $293.8
• The token has gained 46% throughout March after securing a listing on the Upbit platform
• On March 14, Grayscale’s Bittensor trust achieved SEC-reporting status
• The Bittensor network unveiled “Covenant-72B,” a 72-billion-parameter artificial intelligence model
• Ecosystem subnet tokens experienced significant rallies, with τemplar climbing 194% in one week

Bittensor (TAO) has experienced one of its most impressive weekly performances in months. The cryptocurrency surged over 56% across seven trading days and reached a fresh peak of $293.8 on March 16.

The token began the week below the $175 mark. Currently, it’s changing hands near $275, with its market capitalization hovering around $2.6 billion.

This rally isn’t simply a reflection of general market momentum. Multiple project-specific catalysts within the Bittensor ecosystem seem to be fueling the upward trajectory.

Grayscale’s Bittensor trust achieved SEC-reporting status on March 14. This designation requires the fund to submit periodic filings to the U.S. Securities and Exchange Commission, a move typically associated with increased institutional investor interest.

This represents a degree of regulatory oversight that remains uncommon among cryptocurrency projects. For certain market participants, this development diminishes the perceived investment risk.

Covenant-72B AI Model Introduction

The more significant driver emerged on March 15. Bittensor revealed plans to deploy the Covenant-72B model — a massive 72-billion-parameter artificial intelligence system designed to operate on the Bittensor infrastructure.

This development positions Bittensor differently within the AI landscape. Instead of merely facilitating AI operations from third-party developers, the network now supports a large-scale proprietary AI model running directly on its blockchain.

Market participants responded enthusiastically, interpreting this announcement as evidence that Bittensor is evolving into a more comprehensive AI ecosystem.

Whale activity intensified during the week, coinciding with broader renewed enthusiasm for AI-focused digital assets.

Subnet Token Rally

The Bittensor subnet ecosystem delivered impressive performance as well. Every subnet represents a distinct AI marketplace within the network. Following the Dynamic TAO (dTAO) protocol upgrade, individual subnets now operate with dedicated tokens.

τemplar posted the strongest performance with a 194% weekly increase, currently valued at $19.3. TARGON climbed 60.3% to reach $13.25. Chutes advanced 40.1% to $25.1, while Affine appreciated 42.7% to settle at $21.3.

These subnets operate as autonomous AI marketplaces, each specialized in delivering particular categories of AI services.

Additionally, TAO secured a listing on Upbit, a prominent South Korean cryptocurrency exchange, in late February. This integration provided access to a substantial pool of retail traders.

By March 16, TAO established a new intraday record at $293.8, representing a gain exceeding 46% from the beginning of the month.

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