Bittensor Surges 20% Following Coinbase’s Announcement of TAO Listing

Bittensor (TAO) saw a significant price surge of 20% on February 19, 2025, following the announcement by Coinbase that it would be listing the native token of the decentralized artificial intelligence (AI) network. This spike occurred amidst a broader rally in altcoins, as many coins showed notable gains over the past 24 hours. Although Bittensor’s rise was modest compared to other top performers like Story, Sonic, Aptos, and Floki, it still managed to make a strong impact, ranking among the top performers in the market.

The increase in Bittensor’s price allowed it to recover some of the losses it had incurred in recent days, as many altcoins, including Bittensor, mirrored Bitcoin’s struggles. The 20% upside effectively reversed most of its month-to-date losses, bringing the price back to levels seen when Bittensor reacted positively to AI-related news, particularly surrounding DeepSeek. This boost came at a time when Bitcoin rebounded to over $96,000, and XRP gained 6% following the approval of Hashdex’s spot XRP exchange-traded fund (ETF) in Brazil. Investors were also awaiting the Federal Open Market Committee (FOMC) meeting minutes, adding to the general market volatility.

Coinbase’s listing of TAO, which was set to begin on February 20, was a major catalyst for the price surge. The exchange confirmed that it would offer trading support for TAO on the Bittensor network with the TAO/USD trading pair. Coinbase’s phased launch is contingent upon meeting liquidity conditions, but once a sufficient supply of TAO is established, trading will begin. The listing was seen as a critical development for Bittensor, helping to push the price higher.

Earlier in the month, Bittensor also saw a price surge after the release of its Dynamic TAO whitepaper, outlining a major upgrade to the project.

The Coinbase listing is particularly important as it represents a key step in Bittensor’s growth. While Bittensor is already listed on other major exchanges such as Binance and Kraken, Coinbase’s listing provides an additional level of visibility and legitimacy that could attract more investors and increase the token’s market reach. Bittensor, which was launched in 2019, has received backing from prominent venture capital firms such as Pantera Capital, Digital Currency Group, and Lyrik Ventures, further solidifying its position in the market.

Grayscale, a well-known digital asset management firm, recently highlighted Bittensor as a crucial project in the AI space. Grayscale emphasized the importance of Bittensor’s decentralized model, which helps to increase transparency and democratize access to AI technologies. This approach contrasts with other AI projects like DeepSeek, which, despite showcasing the potential of open-source AI, are centralized, raising concerns about data security, embedded biases, and lack of transparency. Grayscale believes that Bittensor’s decentralized nature positions it as a valuable player in the evolving AI landscape.

In summary, the Coinbase listing of Bittensor (TAO) is a significant development, likely to contribute to further price growth and wider adoption. With strong venture capital backing and a focus on decentralized AI, Bittensor is poised to play a key role in the future of artificial intelligence and blockchain technology.