RedTeam (SN61): What It Is, Uses and Risks

RedTeam, listed with the ticker SN61, is a token tied to a subnet on the Bittensor network. Public documentation describes the RedTeam subnet as a decentralized platform run by Innerworks that aims to drive innovation in cybersecurity through competitive programming challenges. Bittensor subnets are separate projects that each focus on a specific task, and the market data places SN61 in the Bittensor subnet and Bittensor ecosystem groups. The project's launch date and its consensus or hashing design are not given in the data available here, so those details are unknown. The subnet's own documentation is the best place to check how the project is organized and what participants do.

The data used for this page does not state what the SN61 token is used for on the RedTeam subnet. Some subnet tokens are linked to rewards, staking or governance on their network, but that is a general pattern across Bittensor and not a confirmed fact about this token. Readers should not assume a specific use without checking the project's own documentation. The subnet's public material focuses on cybersecurity challenges, which is the clearest publicly known purpose of the project. Any claims about partnerships or commercial integrations should be verified directly with the project before being relied on, because they are not confirmed by the data here.

At the time of writing, as of 2026-11-05, SN61 traded at about $1.24 with a market capitalization of about $7.0 million and a market cap rank of 1474. The 24-hour trading volume was about $243,016. Over the past seven days the price fell by roughly 41 percent, while the one-year change was close to flat at about plus 1.6 percent. The all-time high was about $4.71 on 2026-09-14, and the all-time low was about $0.0074 on 2026-06-09. Circulating supply is about 5.66 million tokens, which equals the reported total supply. The stated maximum supply is 21 million, so roughly a quarter of the maximum is in circulation. These figures change constantly and are shown only as a snapshot.

The data does not name a native chain or a chain on which SN61 is issued, so this page cannot state the network the token runs on beyond its association with the Bittensor ecosystem. Because the token sits within a subnet structure, its behavior depends on that ecosystem's rules and the project's own code. The main risks are sharp price swings, which the recent seven-day drop illustrates, thin liquidity relative to big moves, and the early stage of many subnet projects. Smart contract or protocol bugs, changes to the project's team or direction, and limited information about use cases are also real concerns. For storage, a reader should only use a wallet that supports the specific network the token is actually on, and should confirm that network from official project sources first.