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🚨🤖 BREAKING : Covenant AI exits Bittensor $TAO — market reacts instantly 🤖🚨
Covenant AI, known for its 72B AI model
🤖🔥 and Nvidia CEO Jensen Huang’s praise 😎🚀, has suddenly exited Bittensor 💥
⚠️ Reported issues include:
Centralized control accusations 🧩
Governance conflict inside the project 🔥
Token emission + dumping claims 💸
📉 Market impact:
TAO dropped ~20% in a short time 💀
🧠 Simple takeaway:
In crypto AI projects, trust and governance matter more than hype 🔐
Because when trust breaks… price follows instantly 📉
🚀 This is now trending across crypto communities
#CovenantAI #Bittensor #TAO #CryptoNews #TrendingCrypto
Covenant AI, known for its 72B AI model
🤖🔥 and Nvidia CEO Jensen Huang’s praise 😎🚀, has suddenly exited Bittensor 💥
⚠️ Reported issues include:
Centralized control accusations 🧩
Governance conflict inside the project 🔥
Token emission + dumping claims 💸
📉 Market impact:
TAO dropped ~20% in a short time 💀
🧠 Simple takeaway:
In crypto AI projects, trust and governance matter more than hype 🔐
Because when trust breaks… price follows instantly 📉
🚀 This is now trending across crypto communities
#CovenantAI #Bittensor #TAO #CryptoNews #TrendingCrypto
Bittensor $TAO — is this the end of the decentralized theater?
The climax came suddenly: the project crashed 27%, wiping out nearly $1B in market cap in 12 hours. The main blow came from Covenant AI, announcing their exit from the ecosystem.
The reason is shocking: allegations of total control and manipulation by the founder. If the most successful subnet says decentralization here is a lie, what was the market paying for? We’re seeing panic selling and $9M in long liquidations.
This isn't just a dump it's a fundamental collapse of trust. Stay away from the BUY button until the dust settles.
#TAO #Bittensor #CovenantAI #CryptoCrash #DecentralizedAI
The climax came suddenly: the project crashed 27%, wiping out nearly $1B in market cap in 12 hours. The main blow came from Covenant AI, announcing their exit from the ecosystem.
The reason is shocking: allegations of total control and manipulation by the founder. If the most successful subnet says decentralization here is a lie, what was the market paying for? We’re seeing panic selling and $9M in long liquidations.
This isn't just a dump it's a fundamental collapse of trust. Stay away from the BUY button until the dust settles.
#TAO #Bittensor #CovenantAI #CryptoCrash #DecentralizedAI
It seems that the digital arena never calms down! 🌪️
The tech circles have circulated news that raised many questions, as Sam Dare, the founder of the Covenant AI project, sold 37,000 TAO coins in the past few hours.
This move by a founder of his stature opens the door to wide discussions:
Is it just a natural profit-taking? 💰
Or is it a rearrangement of the cards and upcoming projects?
In the crypto world, tracking the movements of "whales" and founders always gives us a glimpse of what is happening behind the scenes. The important thing is always to maintain calm and research deeply before making any investment decision. 🧐
#TAO #CovenantAI #CryptoNews #Blockchain #Investing
$TAO
What do you think of this move? Do you see it as natural or concerning? Share your analyses in the comments! 👇✨
The tech circles have circulated news that raised many questions, as Sam Dare, the founder of the Covenant AI project, sold 37,000 TAO coins in the past few hours.
This move by a founder of his stature opens the door to wide discussions:
Is it just a natural profit-taking? 💰
Or is it a rearrangement of the cards and upcoming projects?
In the crypto world, tracking the movements of "whales" and founders always gives us a glimpse of what is happening behind the scenes. The important thing is always to maintain calm and research deeply before making any investment decision. 🧐
#TAO #CovenantAI #CryptoNews #Blockchain #Investing
$TAO
What do you think of this move? Do you see it as natural or concerning? Share your analyses in the comments! 👇✨
#CovenantAI left #Bittensor accusing centralization by Jacob (Const). Dump of alphas caused a drop of ~9-10% in #TAO.
#CovenantAI , the team behind the largest decentralized LLM training run in history, has walked off the #Bittensor network, taking with it the trust that once drove $TAO 90% higher.
Read More: https://www.cryptonewslive.org/article/tao-crashes-16-as-covenant-ai-exposes-bittensors-decentralization-lie
Read More: https://www.cryptonewslive.org/article/tao-crashes-16-as-covenant-ai-exposes-bittensors-decentralization-lie
Covenant AI has announced they're leaving Bittensor
#CovenantAI , the team that owns subnets SN3, SN39, and SN81, announced it is exiting the network, citing a mismatch between #Bittensor ’s decentralization claims and its real-world governance practices. The team is reported to have sold around 37,000 $TAO (approximately $10M), contributing to a roughly 17% drop in the token’s price.
Covenant AI said recent subnet operations involved suspended revenue distribution, changes to community permissions, and infrastructure adjustments it views as inconsistent with decentralization, adding it will continue building decentralized #AI elsewhere.
👉 x.com/covenant_ai/status/2042380152831951300
#CovenantAI , the team that owns subnets SN3, SN39, and SN81, announced it is exiting the network, citing a mismatch between #Bittensor ’s decentralization claims and its real-world governance practices. The team is reported to have sold around 37,000 $TAO (approximately $10M), contributing to a roughly 17% drop in the token’s price.
Covenant AI said recent subnet operations involved suspended revenue distribution, changes to community permissions, and infrastructure adjustments it views as inconsistent with decentralization, adding it will continue building decentralized #AI elsewhere.
👉 x.com/covenant_ai/status/2042380152831951300
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