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Wintermute Purchases 17.9M TAI Tokens, Boosting Interest in AI-Based Crypto Assets

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2 days ago


AI tokens gain popularity as the crypto market enters a bull run. The global market cap reached $3 trillion with Bitcoin nearing the $90K mark.

Growth of AI Token Popularity

Interest in AI tokens continues to grow, as market activity showcases. Market analyst Spot On Chain highlighted that market maker Wintermute acquired 17.9 million TAI tokens eight hours ago. In the last 24 hours, TAI holders moved about 600 million TAI worth approximately $95 million between early holders.

What is TAI?

TAI is the native token of TARS AI, an AI infrastructure protocol that operates on the Solana blockchain. The token has garnered significant interest within the crypto community.

TARS AI Token Buyback Plan

A recent update on X announced that TARS AI plans to address concerns over sell pressure by purchasing TAI tokens from early investors over a 90-day period. This will reduce the circulating supply of TAI.

The activity around TAI and other AI tokens indicates a growing interest in AI-related crypto assets. The increasing market capitalization confirms their rising significance in the market.

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