Bittensor's TAO token has surged 50% over the past month as the decentralized AI network approaches its first halving event on December 10. This performance positions TAO as the second-best performing top 100 altcoin, following Zcash. The upcoming halving has generated bullish sentiment, with comparisons drawn to Bitcoin's initial halving. Sami Kassab from Unsupervised Capital highlights potential impacts on Bittensor subnets, which receive TAO emissions based on their contributions. The halving could reduce liquidity, increasing volatility and affecting subnet tokens. Currently, Bittensor subnets have a combined market cap of $1.28 billion, with Yuma Group, led by Barry Silbert, managing $71 million in subnet valuation.