Nvidia Just Bought $420M Worth of TAO – Here’s Why the Market Still Calls Bittensor an AI Meme

Nvidia bought $420 million worth of TAO. Grayscale’s TAO trust trades at a 50 percent premium to net asset value. Daily emissions halved from 7,200 to 3,600 TAO in December. And 77 percent of the total supply is staked, locked up, and not moving. The liquid float is evaporating in real time. Yet the market