Bittensor TAO Plunges 25% After $10 Million Covenant AI Exit
2026-04-12 19:11- TAO sinks 25% as Covenant AI exits network
- $10 million token sell-off sparks ETF setback
On April 11, 2024, Bittensor’s TAO token plunged over 25% after Covenant AI abruptly exited the network, triggering a $10 million liquidation and raising doubts over project decentralization.
Covenant