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![bittingthembits Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1362626253610770432.png) Andy ττ [@bittingthembits](/creator/twitter/bittingthembits) on x 8331 followers
Created: 2025-04-23 01:08:43 UTC

How early are we Subnets $TAO?
Let’s look at real holders:

Chutes (SN64): XXXXX holders
Targon (SN4): XXXXX holders 
PTN (SN8): XXXXX holders

But here’s the catch…

One person = multiple wallets
Miners + Validators often split keys
Bots, exchanges, and dust holders inflate numbers
And many users stake across multiple subnets

The real number of unique, active holders?
Probably well under FEW THOUSAND across the whole network.

This is seed-stage adoption.
You’re early. Wildly early.

$TAO is venture capital, without the VCs.
Subnets are your portfolio.

![](https://pbs.twimg.com/media/GpLo5--WoAAQiYe.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1914848877439561877/c:line.svg)

**Related Topics**
[tao](/topic/tao)
[exchanges](/topic/exchanges)
[bots](/topic/bots)
[coins wallets](/topic/coins-wallets)
[holders](/topic/holders)
[$tao](/topic/$tao)
[bittensor](/topic/bittensor)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/bittingthembits/status/1914848877439561877)