Tether is paying for computing power—don’t rush to chase AI tokens
On October 19, Tenstorrent completed a $1.5 billion Series E funding round, bringing its post-money valuation to $6.2 billion. Tether Investments joined Fidelity, Morgan Stanley, and ARK on the investor list. The funds will go toward licensing its in-house chip IP and deploying servers for open-weight models.
The money is coming through the equity channel, so it won’t flow into buying pressure on the crypto secondary market. AI-themed tokens like this may rally on a wave of sentiment, but the high-volume turnover in the AI sector since July hasn’t fully worked through the overhang of holders who bought at higher prices. There’s heavy overhead resistance, so any sharp rise is likely to be sold back down. The market will keep trading sideways as before; diversifying USDT reserves won’t change the pace at which stablecoin liquidity is flowing into the market.
For this sentiment-driven spike in AI tokens, are you placing orders to trim your position, or waiting for a pullback to buy in?
$TAO $BTC $ETH
On October 19, Tenstorrent completed a $1.5 billion Series E funding round, bringing its post-money valuation to $6.2 billion. Tether Investments joined Fidelity, Morgan Stanley, and ARK on the investor list. The funds will go toward licensing its in-house chip IP and deploying servers for open-weight models.
The money is coming through the equity channel, so it won’t flow into buying pressure on the crypto secondary market. AI-themed tokens like this may rally on a wave of sentiment, but the high-volume turnover in the AI sector since July hasn’t fully worked through the overhang of holders who bought at higher prices. There’s heavy overhead resistance, so any sharp rise is likely to be sold back down. The market will keep trading sideways as before; diversifying USDT reserves won’t change the pace at which stablecoin liquidity is flowing into the market.
For this sentiment-driven spike in AI tokens, are you placing orders to trim your position, or waiting for a pullback to buy in?
$TAO $BTC $ETH