Bittensor’s TAO Tumbles 26% Monthly as AI Narrative Loses Steam Despite New Platform Launch
Bittensor’s TAO has shed 26% over the past month, collapsing from $385 to $284.80 as the AI crypto narrative that once propelled it faces harsh reality checks. The decline accelerated despite November’s launch of Bitstarter, the ecosystem’s first dedicated crowdfunding platform, which traders hoped would inject fresh capital and momentum. The main question for traders is: can TAO find meaningful support before testing the psychological $250 level, or will the bearish momentum flush positions toward year-to-date lows?