TAO holders finally have a reason to smile. Bittensor price is up another 20% today, pushing its 30-day gains past 60%. The token recovered from the $170 range lows in February and now trades just slightly below $250.
The move comes as the market wakes up to what Bittensor actually built.
LunarCrush Breaks Down TAO’s Numbers
LunarCrush shared the data on X. Bittensor just trained a 72-billion parameter language model across a fully decentralized network. No single company ran it. No central data center hosted it. Just a global mesh of permissionless compute nodes collaborating on 1.1 trillion tokens.
The model is called Covenant-72B. It completed on Bittensor’s subnet 3. This is the largest decentralized LLM pre-training run ever done.
The market noticed.
Bittensor just trained a 72-billion parameter language model across a fully decentralized network. No single company. No central data center. Just a global mesh of permissionless compute nodes collaborating on 1.1 trillion tokens.
— LunarCrush (@LunarCrush) March 12, 2026
The model is called Covenant-72B, completed on… pic.twitter.com/cD57h8r3KJ
The TAO price is up 60% in 30 days. Trading volume climbed 167% over the past six months. Engagements on LunarCrush surged 114% month-over-month. The combined LunarCrush Galaxy Score sits at 70.4, well above the 55 daily average. Sentiment is at 86%.
Grayscale expanded its TAO trust for institutional access the same week.
Bittensor: From Whitepaper to Real Infrastructure
Every AI crypto project sells the dream of decentralized compute. Most never deliver. Bittensor just shipped a model that competes with outputs from centralized labs. That crosses the line from whitepaper to actual infrastructure.
The token is still 50% below its November high of $497. That means either the market hasn’t caught up to the technical milestone yet (mainly due to the ongoing bear market), or it’s pricing in execution risk on scaling beyond a single model. Both readings are worth watching.
For now, TAO holders are taking the win. Twenty percent today. Sixty percent in a month. And a working product that finally proves the thesis.
Read also: Here’s the TAO Price If Bittensor’s AI Subnets Become the “Olympics of AI”
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