Coinbase Lists Bittensor, Whales Move Millions in SOL, SHIB, U, and MNT

Coinbase, a leading cryptocurrency exchange, has announced its intention to list Bittensor (TAO) on its platform. This move is expected to increase the visibility and accessibility of Bittensor, a decentralized AI network, to a broader range of investors.

Bittensor is a decentralized AI network that enables developers to train and deploy AI models on a decentralized network. The network uses a unique consensus mechanism called Proof of Stake (PoS) to secure the network and validate transactions. The TAO token is the native cryptocurrency of the Bittensor network and is used to facilitate transactions and reward validators on the network.

The listing of Bittensor on Coinbase is a significant milestone for the project and is expected to attract a large number of new investors to the network. Coinbase is one of the largest and most reputable cryptocurrency exchanges in the world, and its listing process is rigorous and thorough. The exchange only lists cryptocurrencies that meet its high standards for security, compliance, and liquidity.

In addition to the listing announcement, Coinbase has also revealed that a whale address has withdrawn a total of 123,500 SOL from Binance today. This is a significant amount of SOL, the native cryptocurrency of the Solana network, and suggests that there is strong demand for the asset among large investors.

Meanwhile, a whale on Hyperliquid is long with a floating loss of 9.85 million U, and has once again added 3.5 million U as margin. This indicates that there is significant interest in the U token, the native cryptocurrency of the U Network, among large investors.

In other news, four addresses belonging to the same entity deposited 211.9 trillion SHIB into Coinbase, equivalent to around $32.55 million. This is a significant amount of SHIB, the native cryptocurrency of the Shiba Inu network, and suggests that there is strong demand for the asset among large investors.

Finally, Mantle's multi-signature wallet has successfully deposited 15.5 million MNT into Bybit, equivalent to around 16.32 million US dollars. This is a significant amount of MNT, the native cryptocurrency of the Mantle network, and suggests that there is strong demand for the asset among large investors.