No single dated event in the next 90 days.
Half a new TAO every block, and little is removed.
TAO powers Bittensor: 11.34M coins circulate, about half of the 21M cap. Every TAO comes from block rewards; there was no sale and no team share.
Sell pressure. Block rewards made 324,000 TAO in 90 days, and an upgrade minted a one-time 172,001 TAO on Sep 15 2026 to back root stakers. Nothing vests.
Buy pressure. Fees and other recycling removed 6,922 TAO — about 47 times less than block rewards made.
Net. Net, supply grew about 4.31% in 90 days, and about 2.79% next without the mint.
Every block (about every 12 seconds) creates 0.5 new TAO, paid out through the subnets to miners, validators, stakers and subnet owners. That is 648,000 blocks and 324,000 TAO in these 90 days, about 3,600 a day, and about 323,710 TAO in the next 90. The reward only halves again when 15.75M TAO have been issued — about 4.17M TAO away, so not in this window.
Nothing vests. TAO had no sale, no team share and no investor share: every coin ever made came from block rewards, and unlock trackers list it as fully unlocked. The 9.42M TAO still under the 21M cap is future block reward, not a locked pile.
There is no reserve or treasury to unlock. The Opentensor Foundation's known wallet holds only about 625 TAO. The subnet pools hold 7.46M TAO and subnet registration locks 31,444 TAO, but all of it was issued through block rewards and is already counted as circulating, so moving it adds nothing new.
No estate, trustee or long lock is paying TAO out. Listed TAO treasury companies and the TAO trust bought on the open market, so their coins were already in the float.
On Sep 15 2026 a network upgrade minted 172,001 new TAO into the root staking pool. Past root rewards had been credited to stakers without real TAO behind them, so the last stakers could not withdraw; the upgrade filled that gap once. It can run only once, so it adds nothing next window.
No contract or treasury buys TAO back. Subnet owners buy their own subnet tokens with TAO, but that TAO stays in the subnet pools, inside the float.
Some TAO is taken out of supply and returned to the unissued pool: since Aug 12 2026 every transaction fee, plus single lumps of 250 to 900 TAO about every nine days. Block by block this came to 6,922 TAO in 90 days, about 47 times less than was created. Fees were halved on Sep 18 2026, so the next 90 days project about 7,069 TAO.
No announcement or on-chain flow this window shows the Foundation or any project wallet buying TAO.
About 7.46M TAO, roughly two thirds of all issued TAO, is staked in subnet pools. But staked TAO still counts as circulating and can leave by selling the subnet token, so staking takes nothing out of the float.
Two sides: how much people want TAO right now, and how much buying could come later.
This part is based on social media. It shows how hot TAO is right now. A better rank means more people are talking about it.
Today, people are talking about TAO for two reasons:
In a filing on Oct 5 2026, Grayscale said its Bittensor Trust signed with Coinbase on Sep 29 2026 to hold part of its TAO. BitGo stays the main custodian, and Grayscale has not decided how much TAO will move. People ask whether this is a step toward a TAO fund that more investors can buy.
TAO dropped from about $309 on Oct 7 2026 to about $268 on Oct 9 2026, roughly 13%, during a broad crypto sell-off. It was back near $280 on Oct 10 2026. People ask whether the AI coin story is strong enough to hold the price.
Checked Oct 10 2026
By the law of supply and demand, Bittensor's long-run signal is mixed (Oct 11 2026, score 6.5/10). New supply: +2.79% in the next 90 days. Demand: exceptional (5/5). Bittensor's price drivers: 1 ▲ price up, 0 ▼ price down.
Close call: both score 6.5/10 on Oct 10 2026. Bittensor has the stronger demand (5/5 vs 4/5), but it adds much more new supply, +2.79% in 90 days against NEAR's +0.61%. NEAR is also the bigger network, $6.26B vs Bittensor's $3.54B. Supply and demand still read mixed for Bittensor in the long run.
There are very few TAO coins. Like Bitcoin, Bittensor caps supply at 21 million, so each coin carries a big share of its $3.54B value (Oct 10 2026). A high price per coin says little by itself; supply still grows about 11.32% a year. Our supply-and-demand read for Bittensor stays mixed.
At $10,000, Bittensor would be worth about $113B in total — about 32 times its $3.54B market cap today (Oct 11 2026, about $312 a coin). Bittensor's supply also grows +11.32% in the next year, so every extra coin needs buyers too. Our supply-and-demand read for Bittensor stays mixed.
Bittensor's signal is mixed for now. Bittensor's signal would turn if new supply keeps arriving (+2.79% in 90 days), or demand falls from exceptional. The next date on Bittensor's calendar: No date yet — SEC lets ETF list.
Bittensor sits at 6.5/10 today (Oct 11 2026): supply 1.5/5, demand 5/5. One more year adds +11.32% to Bittensor's supply. Long-run signal: mixed.
By the law of supply and demand, the better time to add Bittensor is when its new supply is low, demand is high and its price drivers point up. Bittensor today: +2.79% new supply in 90 days (heavy), demand exceptional (5/5), drivers 1 ▲ / 0 ▼.
Right now 2 things drive Bittensor's price (1 ▲, 0 ▼). ▲ Big TAO holders: Grayscale's TAO pile grows fastest; treasury firms barely add now. • ETF approval: Grayscale's TAO ETF still waits; no SEC date yet.
Side by side on Oct 11 2026: Bittensor at 6.5/10 with a mixed signal, Bitcoin at 8.5/10 with a positive signal. By supply and demand, Bittensor is the weaker of the two.
Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice. How we read every coin →
We look at two things, half each: supply and demand. Fewer new coins mean less selling pressure. A meme coin scores 1.5 at most on supply: its team got its coins for free, so no new supply does not make it safe. We also show each coin's age, with a warning when it is younger than 1 year. Demand looks at how much people want the coin now and how much buying could come later. Price Drivers (Beta) are the 2 or 3 things that can move one coin's price that supply and demand miss; they have no score. TAO supply grows +2.79% in the next 90 days, so it shows in red: more TAO reaches the market than is removed. Zero or falling supply is always green, any growth is red.
One email before each big supply event, and the day our verdict changes. Nothing else. You can watch 2 coins for free.
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