No single dated event in the next 90 days.
New TAO every block, plus a one-time 172K mint.
TAO runs Bittensor, a network of AI subnets: 11.34M coins circulate, 54% of the 21M cap. Every block pays out new TAO.
Sell pressure. Block rewards added 324,000 TAO in 90 days, and a one-time fix on Sep 15 2026 minted 172,001 more. Nothing vests.
Buy pressure. Fees and subnet registration costs removed 6,889 TAO.
Net. Net, supply grew about 4.31% in 90 days, and about 2.79% is projected next.
Every block, about every 12 seconds, the network creates 0.5 new TAO and pays it out to subnets, miners, validators and stakers. That gave 324,000 TAO over 648,000 blocks in these 90 days, about 3,600 a day, and the same rate holds next. The next halving comes only when 15.75M TAO have been issued, about 4.1M TAO from now.
TAO had a fair launch: no sale, no team or investor share and no vesting. Every TAO in existence was paid out as a block reward, so there is nothing scheduled to unlock.
There is no team reserve to release. The Opentensor Foundation's known wallet holds only about 629 TAO. TAO that subnet owners locked to register their subnets (about 31.6K TAO) and the TAO inside subnet pools are already counted as circulating, so moves out of them add no new supply.
No bankruptcy estate, trustee or long lock is releasing TAO. Funds and listed companies that hold TAO bought it in the market, so their coins were already in the float.
On Sep 15 2026 a network upgrade created 172,001 new TAO in one block. For a long time, rewards to stakers on the root network were credited to their balances without the matching TAO being set aside, so the last stakers to leave could not be paid. The upgrade minted the missing amount. It was a one-time fix, and the gap has not come back since, so nothing more is expected next.
Nothing buys TAO back. Some subnets buy back their own subnet tokens, but those purchases do not take TAO out of supply.
Transaction fees and the fees to register on a subnet are taken out of the supply count. That removed 6,889 TAO in these 90 days, mostly in a few large registration days on top of a small amount every day. Fees were cut in half on Sep 18 2026; since then about 85 TAO a day has been removed, so the next 90 days project about 7.67K.
No foundation or project treasury buys TAO. The Opentensor Foundation's known wallet grew by only about 103 TAO in the window.
Staking is the big lock: about 7.45M TAO is staked into subnets and the root network. But staked TAO still counts as circulating and can be unstaked, so more 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 one reason:
Grayscale added Coinbase as a second keeper of its Bittensor trust's TAO on Sep 29 2026, next to BitGo, and filed it on Oct 5 2026. On Oct 13 2026 the trust reported 253,100 new shares, made with about 4,778 TAO (about $1.45 million). People ask if more fund money can come in while TAO is down about 6% this week.
Checked Oct 14 2026
By the law of supply and demand, Bittensor's long-run signal is mixed (Oct 15 2026, score 6/10). New supply: +2.79% in the next 90 days. Demand: exceptional (5/5). Bittensor's price drivers: 1 ▲ price up, 0 ▼ price down.
Probably not yet, though the design looks alike. Like Bitcoin, Bittensor stops at 21 million coins, but only about 11.3 million were out on Oct 13 2026, and supply grows about 11.3% in the next year. At a $3.14B market cap, it is still small next to Bitcoin. Our supply-and-demand read for Bittensor stays mixed.
Bittensor looks far from dead. Demand scores 5/5 on our framework (Oct 13 2026), and Grayscale's TAO pile is the one growing fastest, while treasury firms barely add now. Grayscale's TAO ETF still waits, with no SEC date yet. Our supply-and-demand read for Bittensor stays mixed.
At $10,000, Bittensor would be worth about $113B in total — about 36 times its $3.12B market cap today (Oct 15 2026, about $275 a coin). Bittensor's supply also grows +11.30% 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 6/10 today (Oct 15 2026): supply 1/5, demand 5/5. One more year adds +11.30% 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 (very 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 15 2026: Bittensor at 6/10 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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