What happened today with TAO could have been explained with a bunch of causes and effects.


But I thought about it, and it's unnecessary, so I'll just explain in one sentence.
SN3 Templer experienced a Dev Sell incident. DEV sold the tokens and then transferred TAO to the exchange.
Essentially, it was a shameless rug pull event. It has nothing to do with decentralization.
On the contrary, it was precisely because of decentralization that the shameless Sam was able to successfully drain everyone.
If TAO were truly a one-man rule with a fixed constitution, what right would Sam have to sell all the tokens and transfer them to the exchange?
TAO-22.79%
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