Live · updated 13 minutes ago
Targon Price chart
Key stats
Performance
How the price moved over each period.
Supply
5.90M of 21.00M SN4 are in circulation.
- Circulating
- 5.90M
- Total supply
- 5.90M
- Max supply
- 21.00M
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 1.39% of market cap. Thin trading; small orders can move the price.
$76.81M market cap, rank #290. Bigger is harder to push around.
28% of the maximum supply circulates. Big unlocks could dilute holders.
66.8% below its all-time high of $39.23.
Largest recent swing: 3.62% a day. Moderate.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is Targon (SN4)?
SN4 is the subnet token for Targon, subnet 4 on the Bittensor network. It is not a standalone blockchain coin and has no contract address on Ethereum. It is an alpha token, created under Bittensor's Dynamic TAO design, where each subnet has its own token that is exchanged against TAO through a liquidity pool on the Bittensor chain.
Targon is developed by Manifold Labs. Its product is a confidential AI cloud that offers GPU virtual machines, bare metal servers and sandboxes, using trusted execution environments and NVIDIA confidential compute to protect workloads.
Because SN4 is a subnet token, its price reflects the market's view of subnet 4 relative to the other subnets competing for Bittensor emissions. It trades against TAO inside the subnet's pool, and it can also be tracked on Bittensor explorers such as Taostats.
How Targon and SN4 work
Bittensor is a network of independent subnets. In each one, miners supply a service, validators score the miners, and the chain pays out rewards in proportion to the value added. On subnet 4, miners provide secure GPU compute and validators check it. The Targon repository describes the code as a library for building subnets with the Manifold reward stack and documents guides for miners and validators.
The token is used for:
- Staking value on the subnet through the TAO and alpha pool.
- Exposure to how the market values Targon's subnet relative to others.
- Backing validators that evaluate the subnet's miners.
SN4 supply and token design
Bittensor subnet alpha tokens follow a 21 million cap, mirroring the design of TAO. New alpha enters circulation through emissions, which the network allocates to a subnet based on market demand for it. Live circulating supply is shown in the market data on this page.
The subnet is tracked on Bittensor explorers such as Taostats, and the token has no ERC-20 address.
Official information is on targon.com.
What to check before using SN4
- SN4 is tied to a Bittensor subnet and its pool, so liquidity is separate from exchange-traded tokens.
- Emissions to a subnet can rise or fall with the network's valuation of that subnet, which can change rewards sharply.
- The subnet's value depends on whether Targon's confidential cloud finds paying customers.
- Subnet design is controlled by the team behind it, so product and governance choices matter.
- Be careful with wrapped or listed versions of SN4, because the original token lives only on the Bittensor chain.
Targon project profile
Token contracts
- Bittensor:
4
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
Targon market analysis
With a market capitalisation of $76.81 million, Targon (SN4) is classed as a micro-cap asset and ranks #289 of 406 cryptocurrencies with a reported market cap on CryptoWave, larger than about 28.8% of them. It accounts for roughly under 0.01% of the combined tracked market value. Micro-cap assets are thinly traded in most cases: a modest order can move the price and spreads are often wide.
Over the last 24 hours roughly $1.07 million of SN4 changed hands, equal to 1.39% of its market cap, which puts its trading volume ahead of about 37.7% of tracked assets. That is a quiet level of turnover, so large orders may meet limited depth. Its turnover ratio is higher than that of about 41% of tracked assets.
Price action: SN4 moved −3.62% in 24 hours and −4.23% over 7 days. It underperformed Bitcoin by 1.44 percentage points over 24 hours and by 0.64 points over 7 days. Against the median tracked coin (behind by 1.63 points on the day and ahead by 0.26 points on the week), it has been a relative laggard in recent sessions.
To overtake Goldfish Gold (GGBR) just above it, Targon would need to grow its market cap by about 3.9%; it is 0.1% larger than Tradable NA Post-Settlement Legal Financing Receivables (PC0000101) just below. Its market cap is under 0.01% of Bitcoin's.
Based on market data; not investment advice.
Targon FAQ
What is Targon (SN4)?
SN4 is the alpha token of Targon, subnet 4 on Bittensor. Targon is a confidential AI compute cloud built by Manifold Labs.
What is SN4 used for?
It represents stake in the Targon subnet's pool on Bittensor and ties holders to how the network values that subnet.
How many SN4 are there?
Bittensor subnet alpha tokens follow a 21 million cap. New SN4 is released through network emissions.
Is SN4 a good investment?
SN4 is volatile and depends on one subnet's performance in the Bittensor network. This is not financial advice, so weigh the risks listed above.
Price history
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