😭WARNING: $TAO shocked after news of hacker attack! ####

The report shows that the Bittensor network had a problem, causing disruption to operations at 6:00 a.m. on July 3, 2024. The likely cause was a private key leak, causing an address to withdraw $8 million.

Since listing on Binance, TAO price has continuously decreased, currently trading around 240 USD (down more than 60%).

👉Should I buy more TAO at this time?

Before listing Binance, token $TAO was issued on many other platforms for about 1 year. Therefore, if you only observe on Binance, you will not see all the price movements of TAO.

In fact, the TAO price has peaked at 700 USD, increasing more than 10 times since the cumulative price range at the end of 2023 (40 - 50 USD), combined with the negative developments of Bitcoin price => it is not surprising that TAO continuously Discounts in the past 3 months.

TAO has a capitalization of 1.7 billion USD, FDV 5 billion USD, much higher than other crypto AI projects. Therefore, I think it's quite risky if you want to spend a large amount of capital on TAO at present.

👉In short, Bittensor's TAO is a trending AI project that has grown strongly since the end of 2023, with a large capitalization and has just been exposed to FUD => Please consider carefully before spending money! 🥶

According to data from CoinmarketCap, the next price support zone for TAO is 93 – 100 USD. This is the TGE price of the project.

#bittensor