What caused Bittensor TAO's 30% drop?

Covenant AI, a top subnet, accused the network of 'decentralization theater' and fully exited, sparking panic selling and liquidations.

Will TAO drop another 45%?

Fractals and Fib levels suggest yes—potentially to $144—mirroring past corrections, though support at $230 could hold.

Is Bittensor actually centralized?

Critics like Covenant claim power imbalances undermine the decentralization pitch; the jury's out until more data and reforms emerge.

🔗 Crypto & Blockchain

Bittensor's TAO Braces for 45% Wipeout: Decentralized AI's Big Lie Exposed?

Imagine building the future of AI on a 'decentralized' network, only for a top player to call it a sham and bolt. Bittensor's TAO token is reeling—and it might not stop.

Fintech Dose Apr 11, 2026 3 min read

$Bittensor TAO price chart showing 30% drop with Fibonacci retracement levels and fractal patterns$

⚡ Key Takeaways

Covenant AI exits Bittensor, accusing it of 'decentralization theater' amid 30% TAO drop. 𝕏
Fractals point to another 25-45% decline, targeting $144 from current $249 levels. 𝕏
High liquidations and volume surge confirm bearish trader conviction. 𝕏

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Fintech Dose

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#AI blockchain #Bittensor #TAO token #crypto price analysis #crypto price crash #decentralization #decentralization theater #decentralized AI

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Originally reported by Cointelegraph

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