AI Token Boom: TAI Surges as Wintermute Invests, Market Cap Nears $42 Billion

• Market maker Wintermute acquires 17.9M TAI tokens, signaling a growing interest in AI crypto assets.
• TAI’s price jumps 6% in 24 hours amid ongoing buzz and TARS AI buyback.
• The market cap of AI tokens has nearly doubled, rising from $28 billion to over $42 billion today.

AI-based tokens gain popularity as the crypto market enters a bull run. The global market cap reached $3 trillion with Bitcoin nearing the $90K mark. Market analyst Spot On Chain showed interesting activity in the AI token space in a post on X today.

According to the update, market maker Wintermute acquired 17.9 million TAI tokens eight hours ago. Spot On Chain also found that in the last 24 hours, TAI holders moved approximately 600 million TAI (around $95 million) between early holders.

What is TAI?

TAI is the native token of TARS AI, which is an AI infrastructure protocol that runs on the Solana blockchain. The token has generated a lot of interest in the crypto community.

In a recent post on X, Market commentator RaAres said that TARS AI will address any concerns over sell pressure by buying TAI tokens from early investors over a 90-day period. This will reduce the circulating su…

The post AI Token Boom: TAI Surges as Wintermute Invests, Market Cap Nears $42 Billion appeared first on Coin Edition.