π₯ Covenant AI exits Bittensor, dumps TAO and sparks dramaMajor drama unfolding around $TAO.
Covenant AI, the team behind several Bittensor subnets (SN3, SN81, SN39), announced theyβre leaving the ecosystem and publicly accused Bittensor founder Const of centralized control.
Key claims:
β‘οΈ Emissions to Covenant subnets were suspended
β‘οΈ Moderation rights over their own channels were removed
β‘οΈ Their subnet infrastructure was deprecated without consent
β‘οΈ Token sales were allegedly used as pressure during conflict
β‘οΈ Governance described as βdecentralization theatreβ with effective control still in one hand
At the same time, the team exited their position.
37,000 TAO (~$10M) sold.
Price dropped from $340 to $275.Covenant AI and its trained LLM were one of the main drivers behind TAOβs recent rally, especially after being mentioned by NVIDIAβs CEO.
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