Formal and Stern Warning to Opentensor Foundation
Subject: Urgent Notice Regarding Market Manipulation, Unchecked Selling Pressure, and Breach of Investor Trust
"The current market dynamics of Bittensor (TAO) appear to be driven by blatant manipulation and unchecked selling pressure rather than organic price discovery. It is unacceptable that a project marketed as a technological revolution has become a 'liquidity exit door' for certain miners and whale groups while the foundation remains silent.
We are issuing this stern warning regarding the following points:
Emission and Sell-Off Oversight: The continuous downward pressure exerted by validators and large holders, who dominate the market, is destroying the project’s economic credibility. This is not 'decentralization'; it is a total lack of governance.
Lack of Transparency: The foundation's silence in the face of abnormal sell orders and clear signs of market manipulation suggests a tacit endorsement of these predatory practices.
Investor Rights: The Bittensor community does not only consist of miners. Allowing the capital of investors who believed in your technology to be eroded by malicious market makers is a betrayal of the project’s long-term vision.
Unless immediate and tangible steps are taken to ensure market integrity and prevent manipulation—such as emission adjustments, buy-back mechanisms, or transparent reporting—the community reserves the right to escalate this to regulatory authorities, demand audits via major exchanges, and initiate a collective exit due to total loss of confidence.
Technology alone is not enough; an honest and managed economy is a necessity. We expect immediate action.
