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$TAO is Bittensor (TAO), DeAI / the leading decentralized AI public chain.
Latest (2026-04-10 18:30)
- Price: Nearly a 20%+ crash in the past 24 hours, lowest $242.8
- Core event: CovenantAI team (main subnet developers) publicly withdraws
- Allegation: Fake decentralization, control by a few, "decentralized theater"
- Directly triggers a trust crisis, breaking the AI public chain narrative
- Other bearish factors:
- Prior surge of 62% (4/8–4/9), severely overextended
- Leverage liquidations, whale sell-offs
- Middle Eastern geopolitical conflicts, capital flight to safe assets