A veteran member of the Bittensor community has cautioned that the upcoming halving event, set to occur in 11 days, is unlikely to trigger a significant price rally for TAO. The community member highlighted that the current bear market conditions and weak liquidity are major obstacles to a price surge. They noted that while the halving could have long-term network effects, any immediate price increase would require substantial community-driven hype rather than relying solely on tokenomics. Currently, TAO has dropped below $270, experiencing an 11% decline over the past week.