Bittensor (TAO) Surges 140%, But Retail Sentiment Suggests the Rally May Not Be Over

Bittensor (TAO) has surged 140% over the past six weeks and 105% since March 8, as the artificial intelligence (AI) narrative gains traction.

Yesterday, the altcoin reached an intraday high of $377.8, marking its highest price since mid-November 2025. At press time, TAO traded at $341.7, up 1.62% over the past day.

“The now #26 market cap has been at the center of the fast-growing AI narrative, with capital rotating toward decentralized machine learning projects as one of the market’s hottest themes,” Santiment wrote.

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The rally has placed TAO among the top-performing large-cap tokens in March 2026. However, on-chain sentiment data paints a picture that separates this move from typical altcoin pumps.

Santiment noted that the social volume for TAO across X (formerly Twitter), Reddit, Telegram, and other platforms has reached its second-highest level on record. The only period that exceeded it was the activity surrounding TAO’s $529 price top on November 1.

Despite the massive price move, the sentiment breakdown tells a more restrained story. Santiment recorded just 1.5 positive comments for every 1 negative comment. 

“There isn’t any evidential bullish bias toward Bittensor at the moment,” the post read. “The retail crowd is not nearly as interested in this pump as some other altcoin surges we’ve seen in the past.”

According to the analytics platform, this is generally a positive signal. Rallies that attract little euphoric chatter tend to face less interference from “greedy traders,” who typically mark the formation of tops.

Meanwhile, in addition to the TAO price rally, the Bittensor ecosystem is also showing strong growth. BeInCrypto reported that the total TAO staked across subnets has increased from roughly $74,400 to more than $620 million over the past year, indicating growing investor interest in subnet participation.