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Covenant AI just blew up the $TAO ecosystem.
They sold 37,000 $TAO worth $10M+ and walked out the door
the damage in 12 hours:
$TAO -27%
$GRAIL -68%
$BASILIC -62%
$MINOTAUR -34%
$TPLR -27%
$TARGON -27%
$TRAJECTORY -26%
$900M wiped from market cap
$9M in TAO longs liquidated
and on the way out they called Bittensor a "decentralized theatre".