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Cryptocurrency News Articles

GSR Markets Emerges as Market Maker for Tars Protocol’s $TAI Token

Nov 16, 2024 at 04:19 pm

GSR Markets has emerged as a market maker for Tars Protocol's $TAI token, marking a significant move for the project.

GSR Markets Emerges as Market Maker for Tars Protocol’s $TAI Token

Major crypto market maker GSR has now begun market making the Tars Protocol $TAI token in a key move for the project.

Over the past 24 hours, GSR has received 5 million $TAI, valued at approximately $789K, which were then swiftly deposited across major centralized exchanges such as MEXC, Bybit, and Gate.io.

This action appears to be part of a strategy to provide liquidity to the growing token, which has already seen a price surge of as much as 26% today.

$TAI is surging by as much 26% on the day following these developments, highlighting the market’s positive response to the increased liquidity and GSR’s involvement.

The token was also recently listed on Bybit Futures, and since then, Tars Protocol has seen a nearly 30% price increase.

$TAI just listed on Bybit Futures today and @tarsprotocol is already up nearly 30%. With Solana’s chain dominating both memes and utility, $TAI feels like a solid bid right now. It’s the only AI project with strong backing from the Solana Foundation. https://t.co/Dkxo4Q05Kg pic.twitter.com/5MDdfmsjOP

The surge in $TAI is backed by the broader momentum surrounding Solana’s blockchain, which continues to dominate both memecoins and utility tokens.

With the Solana Foundation’s backing, $TAI stands out as a solid project in the AI space, positioning itself uniquely in a competitive market.

This combination of liquidity injection, strategic exchange listings, and strong foundational support from Solana makes $TAI an attractive investment, especially as it continues to gain traction in the rapidly evolving AI and blockchain sectors.

News source:themerkle.com

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