🚨 BREAKING: Bittensor ( $TAO ) plunges 15% as Covenant AI, the network's top developer, announces a full exit.
The departure follows allegations of "centralized governance" and emissions manipulation by the Opentensor Foundation.
DATA:
• 37,000 TAO dumped by Covenant
• $9M+ in long positions liquidated
• Subnets 3, 39, and 81 deprecated
INSIGHT: The "Decentralized AI" narrative is facing its first major systemic crisis. Trust is exiting faster than the capital.