Bittensor's TAO risks 45% dip amid 'decentralization theater' accusation

TAO drops 30% from its weekly high, confirming fractal setups that projected deeper downside targets for the token in the past.

Bittensor’s TAO token may drop by up to 45% in the coming weeks as Covenant AI, one of its top subnet operators, publicly announced its full exit from the ecosystem.

Key takeaways:

Covenant AI accused Bittensor of being centralized, leading to a 30% drop in TAO prices.

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