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$TAO has fallen
a huge sell off was triggered on $350 back to it’s previous demand zone at $250, losing $100 in 12 hrs
$9 million in TAO longs were also liquidated.
why?
a major project on TAO called Covenant AI announced they are leaving bittensor and reportedly sold 37,000 $TAO worth over $10 million.
the team accused bittensor founder of running a “decentralized theatre” lie and controlling many aspects of the protocol.