GSR Markets Joins Wintermute in Bolstering TARS (TAI) Protocol Liquidity, Triggering 26% Token Price Increase

GSR Markets recently stepped into the field as a market maker for the TARS protocol, joining Wintermute in helping to bolster its liquidity.

GSR Markets, a leading market maker, has recently joined forces with Wintermute to inject liquidity into the TARS protocol (TAI), leading to significant market reactions.

One of their transactions involved GSR Markets acquiring 5 million TAI tokens at a cost of approximately $789,000. In a bid to increase liquidity, they subsequently deposited another 3 million TAI ($472,000) into various exchanges, including MEXC, Bybit, and Gate.io.

These actions resulted in an increase in TAI price by about 26%, indicating that the market responded positively to the firm’s liquidity and market-making strategies.

This move aligns with GSR Markets’ strategy of assisting the TARS protocol by ensuring sufficient liquidity, which ultimately helps maintain and increase the token's value.

In a surprising turn of events, TARS (TAI) is setting a new direction for the venture. They announced that they will buy back all tokens.

The Solana-based project aims to integrate AI into the Solana ecosystem.

With a focus on AI, the project aligns with the current market trend, which is converging on the intersection of AI, DeFi, and blockchain.

By acquiring all the circulating tokens, TARS enhances the concept of scarcity, which could eventually drive up the token’s value.

The charts attached to the tweet show the struggle of the current stage of the project. TAI is positioned at a major junction in the history of AI and decentralization evolution.

This move suggests that TARS is preparing to be among the first to implement new technology trends, which are focusing on AI on the Solana network.

Having AI, RWA, and DePin as focal points, the trajectory within which TARS will follow is potentially with a lot of growth.

On the other hand, revitalizing TAI is an opportunity to latch on to promising developments in both AI and blockchain.

TAI Technical Analysis

The weekly chart of TAI shows that there is a clear accumulation phase starting in June 2024. A sudden spike upward in the weekly period shows a possible end.

If the price trades above $0.18 and later retests this level, it is expected the price will move higher. It could trade at the next resistance level of $0.30, representing a 66.47% increase.

In addition, it can be observed from the chart that there exists adequate support at the level of $0.10. This might hold quite well to accommodate higher prices.

Moreover, the projection for the MACD indicator shows an anticipated bullish trend trading above the zero mark as the histogram progresses toward zero, signifying an improvement in buying intensity.

Accumulation/Distribution has started to decline for some profit-taking and low selling pressure, but bullish pressure prevails.

If prices maintain above $0.18, then the target range of $0.30 is highly probable. The coming days will be very significant in verifying if the breakout will sustain and move to the targeted level.