Wrapped TAO Prediction

About Wrapped TAO (wTAO)

Wrapped TAO (wTAO) is a utility token on Ethereum serving as a wrapped version of the TAO token, likely from the Bittensor network, with a market cap of $18.29 million and trading on Uniswap v3. It has shown recent price weakness with a 6.4% drop in 24 hours amid higher sell pressure and declining holder numbers, positioning it as a mid-cap token in the wrapped asset space. The token benefits from a verified contract and strong security score but lacks a detailed project description, which may hinder broader adoption.

Current price: $194.77

Market cap: $21.24M

Liquidity: $512.37K

Holders: 14.2K

Wrapped TAO Price Prediction

The token has experienced a 6.4% decline in the last 24 hours with sell pressure at 63.4% dominating buy pressure at 36.6%, indicating continued downward momentum. Recent transaction data shows zero buys in the last hour and 4 hours, suggesting waning buyer interest and potential for further drops. On-chain holder decline of 0.33% over 7 days supports a bearish short-term outlook.

Over the next 30-90 days, wTAO could stabilize if broader market conditions improve, but persistent holder decline of 1.7% in 30 days and high sell volume may cap upside. Without project-specific catalysts, the token's performance will likely track Ethereum ecosystem trends. Potential recovery hinges on increased liquidity or renewed interest in wrapped assets.