🚀 UPDATE: Bittensor jumps 10.4% after first halving
What is happening?
• $TAO pumps another 10.4% today 📈
• First halving event completed
• Token emissions cut by 50% $ETH
• Supply growth reduced immediately
What this suggests:
• Scarcity narrative strengthening
• Traders pricing in lower issuance
• Momentum following halving catalyst $BTC
Context:
• Halvings historically bullish for supply dynamics
• Reduced emissions tighten circulating supply
📊 Market takeaway:
Bullish for TAO short term. Lower emissions plus strong momentum can sustain upside if demand holds.