Recently, the status of $TAO subnet has started to become liquidity-starved.

The impact of SN3 is not just the withdrawal of funds, but more importantly, it has also taken down market confidence. Currently, the entire subnet market looks like "having news but no sentiment"; positive news only causes slight movements, making it difficult to form continuous trends.

This time, SN24 released the Quasar-3B model. In the past, it would have been a straightforward new high, but now the trend is clearly weak, more like someone is gradually accumulating rather than a surge of enthusiasm.

Other subnets are even more obvious; whether they are preparing to launch mainnet or have technical progress, market reactions are very cold. The ones that can still generate some movement are mostly related to the Const series (like 24, 66, 97). For most others, just maintaining stability without falling is already good.

The core issue is still the damage caused by SN3; everyone is now more cautious. After all, a leading subnet can just decide to withdraw, and such an impact is too direct.

This is somewhat similar to if CAKE had suddenly left the BNB mainnet at its peak, the entire ecosystem confidence would have been heavily shaken.

So now, the TAO subnet doesn’t lack things, but the market is hesitant to trust. Repairing this will take time; more importantly, a subnet that can truly run a revenue loop needs to emerge, gradually restoring confidence.

In the short term, it may still remain cold, but looking at a longer cycle, there is still room for TAO’s growth, and the long-term outlook remains optimistic.