$TAO 🔥 TAO/USDT – Institutions are buying, but will retail follow?
After Covenant AI dumped 37K TAO ($10M+) and accused Bittensor of centralized control, the price crashed 20% to $248. But here’s the twist 👇
🟢 Bulls live here: Grayscale just raised TAO weighting to 43% of their AI Fund. ETF filed. 70% of supply is still staked. Hold $235 and reclaim $264 = next stop $300.
🔴 Bears live here: Governance FUD spreads. More subnets exit. $235 support breaks = $200 or lower. Stakers panic = supply flood.
📌 The truth: Institutions are buying the dip. Whales are locked in staking. But retail is scared. Watch $235 vs $264 – that breakout decides everything.
Not financial advice. DYOR. 🧠
#TAO
After Covenant AI dumped 37K TAO ($10M+) and accused Bittensor of centralized control, the price crashed 20% to $248. But here’s the twist 👇
🟢 Bulls live here: Grayscale just raised TAO weighting to 43% of their AI Fund. ETF filed. 70% of supply is still staked. Hold $235 and reclaim $264 = next stop $300.
🔴 Bears live here: Governance FUD spreads. More subnets exit. $235 support breaks = $200 or lower. Stakers panic = supply flood.
📌 The truth: Institutions are buying the dip. Whales are locked in staking. But retail is scared. Watch $235 vs $264 – that breakout decides everything.
Not financial advice. DYOR. 🧠
#TAO