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Bitcoin.com 2026-04-10 12:45:23

TAO Plummets 25% as Bittensor Co-Founder Accused of Using Token Sales to Coerce Compliance

Bittensor’s native token, TAO, plunged 25% in six hours, dropping from $337 to $253. The crash wiped out over $650 million in market capitalization and triggered $9.1 million in long liquidations. Key Takeaways: Covenant AI left Bittensor on April 8, alleging co-founder Jacob Steeves maintains centralized control. TAO plummeted 25% to $253, wiping $650 million

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