TAO Token
Bittensor (TAO) Slumps 18% After Covenant AI Exit News
Bittensor is facing scrutiny after subnet developer Covenant AI exited the network due to concerns over centralized governance.
Bittensor co-founder denies suspending subnet emissions after Covenant AI exit
Bittensor co-founder Jacob Steeves denied suspending subnet emissions, and said token sales were less than 1% of his holdings.
TAO Plummets 25% as Bittensor Co-Founder Accused of Using Token Sales to Coerce Compliance
Bittensor's native token, TAO, plunged 25% in six hours, dropping from $337 to $253. The crash wiped out over $650 million in market capitalization and triggered $9.1 million in long liquidations. Key Takeaways: Covenant AI left Bittensor on April 8, alleging co-founder Jacob Steeves maintains centralized control.
Bittensor Faces Market Shock as Key Subnet Leaves the Network
Market Impact: Bittensor saw TAO fall over 20% after the Templar subnet left, removing major liquidity and shaking confidence. Covenant Rift: Covenant AI accused Bittensor of centralized control, citing emission suspensions and channel freezes, while a 37,000 TAO sale added pressure.
Bittensor price outlook as top subnet operator Convent AI exits
Bittensor price crashed over 25% within hours after Covenant AI, one of the largest and most active subnets on Bittensor, recently exited the network over centralization concerns. According to data from crypto.news, Bittensor (TAO) price fell 25.
Covenant AI Calls Bittensor ‘Decentralization Theatre,' Exits Network as TAO Falls 15%
Covenant AI, the team behind the Covenant-72B model that drove TAO's 90% March rally, has exited Bittensor — accusing founder Jacob Steeves of unilateral control over a network marketed as decentralized.
Bittensor Price Prediction: Covenant AI Exits TAO, Forcing 16% Drop
Bittensor price collapsed after one of the prominent developers publicly torched the ecosystem, and the price prediction is getting bearish.
Covenant AI exits Bittensor over ‘decentralization theatre,' TAO drops 18%
Covenant AI said it was leaving Bittensor due to its overreaching control on subnets and their large-scale TAO token sales, but Bittensor's founder denied all allegations.
Bittensor's TAO plunges as key subnet exits project
]Bittensor's TAO crashed by up to 27%, following the decision of Covenant AI to leave the project.
Bittensor Price Crashes 15% as Team Goes Silent
Bittensor got crushed yesterday. The AI-focused cryptocurrency TAO plunged 15% to $1.85 on April 10, leaving investors scrambling for answers that aren't coming.
Covenant AI Announces Exit from Bittensor Project After Calling it Decentralization “Theatre”
Covenant AI, a subnet developer that has been quite active on Bittensor, recently revealed that it has decided to leave the AI-powered network ecosystem.
Bittensor Crash: $900 Million Wiped as Covenant AI Exits TAO Ecosystem
Bittensor (TAO) plummeted 27% after major subnet developer Covenant AI exited the network, alleging centralization and "decentralized theater" by the founder.
