TAO is grinding higher after a sharp March rally, with traders on X framing the latest pullback as a routine dip rather than the end of the move, as Bittensor’s AI narrative and on‑chain metrics keep the token in focus.

TAO (TAO) is trading around $311–$317 today, down roughly 3% over the last 24 hours but still up strongly on the month as liquidity concentrates in AI‑linked majors rather than small caps. Bittensor’s market cap is hovering near $3–3.5 billion on a circulating supply just above 10 million TAO, implying a fully diluted valuation between roughly $6.5 billion and $7 billion at current prices. According to the Bittensor price page on crypto.news, TAO has slipped about 2% over the past day but remains one of the best‑performing large‑cap AI tokens over the last month.

On X, trader Michaël van de Poppe summed up the spot price action bluntly: “$TAO is getting there. Every big push is getting some form of corrections. Quite normal, not radical, just normal price behavior. I think we’re approaching one of those regions for dip buying in the coming weeks”.

His comments come after TAO briefly traded near $350 when Bittensor completed its first halving and subnet staking topped about $620 million in value, before the token gave back part of those gains. A recent crypto.news story noted that the rally pushed TAO more than 100% higher in March as subnet valuations approached $1.5 billion, lifting the token back into the top tier of AI‑infrastructure assets by size.

Bittensor’s AI network keeps TAO in spotlight

Bittensor remains positioned as a decentralized AI marketplace where machine‑learning models are rewarded in TAO for providing inference and training, putting the token at the center of the AI‑infrastructure trade rather than pure speculation. The network runs on a capped 21 million TAO supply with a halving‑style issuance schedule, a structure that Binance research and other institutional commentators have compared to Bitcoin’s supply dynamics when explaining renewed interest around the $280–$300 accumulation zone.

According to the Bittensor price page on crypto.news, the token is still trading more than 50% below its all‑time high near $750, even after this year’s rebound, underscoring both upside optionality and drawdown risk for traders leaning on the AI thesis. Previous crypto.news coverage of TAO’s March breakout, its four‑month high into the halving, and questions over whether price can sustain a move above $400 in April all underline how quickly sentiment can swing as leverage builds and then resets across derivatives venues.

Given this setup, van de Poppe’s framing of the current pullback as “just normal price behavior” will likely resonate with traders who see TAO’s post‑halving consolidation above $300 as a staging ground rather than a ceiling, even as broader AI‑crypto flows remain highly sensitive to macro risk and tech‑sector positioning.