TAO remains in the trending searches, with about +11.88% over 24 hours, trading volume of about $77.36 million, and a funding rate of about +0.005%.

These three metrics are all strong, but they cannot be combined into a conclusion of "sustained acceleration in capital": the price change is a rolling result, trading volume reflects turnover, and the funding rate reflects holding costs. Without OI, liquidations, and spot flow, these three data points alone cannot answer who is driving the price.

The most reliable current judgment is that trading remains active, but the source of funds has not been confirmed by public data. If OI, basis, and spot flow continue to move in sync, the explanation can then become more specific.

Data: CoinGecko trending searches, Binance public TAO/USDT 24h ticker and USD-M perpetual premiumIndex, sampled at 2026-09-07 15:52 (Beijing time). $TAO #Market Structure