Crypto
Bittensor Plunges 20% on Centralization Accusations
Bittensor's TAO token experienced a sharp 20% price drop, falling from $330 to $265, after Covenant AI exited the network. The AI entity accused Bittensor of centralization, sparking investor panic. This event highlights the importance of decentralization in the crypto space and prompts a re-evaluation of TAO's long-term viability.