Major Market Maker Announces Investment: That Altcoin Soared!

The top 20 coins are showing positive momentum today with Bitcoin reclaiming $97,000. #DeXe (DEXE) led the market with a 30% increase, followed by SPX6900 and Fartcoin. Some tokens also jumped from the red zone to the green zone on good news. A leading market maker announced that it has invested in TAO Cat. Following this development, the altcoin price recorded a vertical rise.

Major market maker #DWFLabs announced that it has invested $20 million in TAO Cat from its AI Agent Fund. According to the introduction, TAO Cat is Bittensor’s first self-developed AI tool. In this context, DWF Labs made the following statement:

We are excited to announce that we have invested in TAOCAT Agent as part of our $20 million AI Agent Fund dedicated to supporting the next generation of AI Agents.

Due to this development, the #TAOCAT price started to move north. The altcoin price jumped from its daily low of $0.40 to $0.54. The token price was hovering around this level at the time of writing. At one point, TAOCAT was changing hands at $0.53, up more than 24% on a daily basis. Meanwhile, the token’s trading volume also saw a phenomenal increase of 521%. This shows the intense interest of investors and traders in the token.

Crypto prices are showing bullish momentum today, with Bitcoin reclaiming the $96,000 level. The top 20 coins by market cap are trading in the green. They are also showing generally positive trends. DeXe (DEXE) was the biggest gainer with a 30% increase in the last 24 hours. SPX6900 (SPX) followed closely with a 27% increase. Fartcoin was one of the biggest gainers today, jumping 25%.

Global cryptocurrency market capitalization increased by nearly 2% to $3.41 trillion. Trading volumes also increased by 30% in the last 24 hours to $121 billion. The Fear and Greed Index is currently at 57.