TAO Token
Shock Exit in Bittensor: Developer Dumps Huge TAO Position and Quits the Network
The Bittensor ecosystem is facing one of the deepest crises of confidence in its history following the abrupt departure of Covenant AI. A key developer has left the network after accusing co-founder Jacob Steeves of excessive centralization. Following the split, the consequences were immediate.
Bittensor (TAO) Extends Losses—But Smart Money Is Quietly Circling
The TAO token is trading near $251.92 following a 3.54% drop, moving further away from its 2025 highs of $540. Grayscale and Yuma (a DCG subsidiary) maintain their institutional backing, with the latter holding 19% of the supply in staking. The exit of operator Covenant AI triggered a $10.
Bittensor TAO Spread Hits 25.8% on Liquidity Crunch
Bittensor's TAO spread widened to 25.8% across major exchanges on April 12, signaling a liquidity crunch, weak price discovery, and worsening market fragmentation.
Bittensor TAO Price Gap Hits 26.9%
Bittensor's TAO showed severe market fragmentation on April 12, with cross-exchange price gaps hitting 26.9%, signaling major stress in price discovery.
AI News: Market Volatility, Bittensor Drama, and Malicious Router Discoveries
The AI sector has been range-bound for the last month, with its market capitalization oscillating between $16 billion and $19 billion.
Bittensor TAO Spread Hits 25.3%
Bittensor's TAO posted 22.9%-25.3% cross-exchange spreads on April 12, signaling persistent liquidity and settlement stress across major venues.
Bittensor TAO Spreads Top 25% Across Exchanges
Bittensor's TAO saw 20.7%-25.3% price gaps across major exchanges on April 11, signaling fragmented liquidity and persistent market dislocation.
TAO Price at $261: Shakeout Before the Rally or the Start of a Deeper Decline?
Bittensor's TAO trades below its 200-day MA as bulls and bears clash over the next price direction.
Bittensor Co-Founder Jacob Steeves Slams Samuel Dare for ‘Deep Betrayal' After TAO Price Collapse
Bittensor co-founder characterized Simon Dare's exit as a “deep betrayal,” accusing his former colleague of intentionally inflicting “maximum pain” on the community and causing significant financial losses for investors. Key Takeaways: Jacob Steeves accused Samuel Dare of betrayal after Covenant AI exited, sparking a 25% crash in TAO price.
Bittensor faces crisis after Covenant AI's departure from the network wiped around 25% off TAO's price in 24 hours
Bittensor is trying to rebuild investor confidence following one of the most damaging internal scuffles in the decentralized artificial intelligence sector's short history. Ironically, it plans on rectifying the challenges by launching a recovery plan that was drafted by the very man who just walked out the network's door.
Bittensor TAO Spreads Hit 25.3%
Bittensor's TAO saw exchange spreads widen to 25.3% on April 11, signaling broken price discovery, weak liquidity, and rising execution risk.
Bittensor Co-Founder Apologizes as Covenant AI Exit Sends $TAO Crashing
Jacob Steeves addresses $TAO holders after Covenant AI's exit exposes subnet vulnerability
