What caused the TAO token plunge today?

Covenant AI's exit from BitTensor, blasting founder Jacob Steeves for alleged centralized control — emissions suspended, communities overridden. TAO dropped 18% amid the X feud.

Is BitTensor really decentralized?

Debatable now. Subnets promise permissionless AI markets, but founder powers raise red flags. Covenant calls it 'decentralized branding' on central control.

Will BitTensor recover after Covenant leaves?

Likely yes, long-term. Drama exposes fixes needed; ecosystem's young, volatile. Historical parallels suggest shakeouts strengthen protocols.

🔗 Crypto & Blockchain

TAO Token Tanks 18% as BitTensor's Decentralization Dream Cracks Open

Picture this: TAO, the darling of decentralized AI, nosedives 18% in a day. Why? A star builder just rage-quit, exposing raw nerves in the network's core promise.

theAIcatchup Apr 10, 2026 3 min read

TAO token price chart crashing amid BitTensor founder and Covenant AI feud

⚡ Key Takeaways

Covenant AI quits BitTensor, accusing founder of centralization in explosive public spat. 𝕏
TAO token erases All-In Podcast gains, down 18% to $272 amid doubts. 𝕏
This feud mirrors early crypto growing pains — expect governance upgrades for true decentralization. 𝕏

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theAIcatchup

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#Bittensor #TAO token #crypto drama #decentralized AI

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Originally reported by Decrypt

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