Bittensor gains 3% after Tencent’s AI launch – Can subnet fees lift TAO?

Bittensor’s TAO rose 3% after Tencent’s AI launch, with the token drawing attention as subnet fee flows become a potential demand driver. Almanac directed all of its October subnet fees into TAO buybacks, a move that could support prices if other Bittensor subnets adopt similar policies. The development matters because it links subnet activity directly to token demand rather than leaving fees as a passive byproduct of network usage. Traders will watch whether additional subnets commit to buyback programs and whether TAO can hold its gains as Tencent’s AI announcement fades.