TAO Down 74% From All-Time High
“TAO has declined approximately 74% from its April 2024 all-time high of $767. The token experienced maximum intraday volatility of 67.87% on October 10.”
— CoinGlass Data, CoinGlass
Bittensor Is Dead
TAO has been declared dead 14 times.
Current price: $201.81
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If you invested $100 each time TAO was declared dead, you'd have $905 today.
Bittensor's AI Dreams vs. Reality
“Critics argue decentralized AI cannot compete with centralized solutions from OpenAI and Google. The network's actual AI capabilities remain unproven at scale.”
— The Block Research, The Block
TAO Token Causing Friction Between Barry Silbert and Bitcoiners
“DCG's heavy investment in TAO has created controversy. Bitcoin maximalists question why Silbert is backing what they call 'another altcoin scam.'”
— CoinDesk, CoinDesk
Major TAO Liquidations Signal Insider Exit
“Post-dTAO upgrade liquidations of 300,000 TAO ($70M) suggest major stakeholders are exiting positions. The ecosystem is showing signs of instability.”
— Market Analyst, Crypto Analysis
dTAO Mechanism Out of Control? Bittensor Deviating from AI Track
“The dTAO upgrade provides exit liquidity for early investors through Ponzi-like mechanics. Validators capture 33% of emissions while subnet projects receive nothing.”
— ChainCatcher, ChainCatcher
Bittensor (TAO) Plunges 16% Amid Broader Crypto Sell-Off
“TAO plunged 16% in a single day to $389, underperforming the AI sector's 9% decline. Smart money appears to be exiting positions.”
— CoinJournal, CoinJournal
TAO's Liquidity Trap: A Ticking Time Bomb
“TAO has a $2 billion market cap but only ~$600 million in actual market value. 70-90% of TAO is perpetually staked, creating an illiquid death trap.”
— iTiger News, iTiger
Bittensor's Token Distribution is a Red Flag
“5.38 million TAO were mined between 2021-2023 with no public documentation. Where did these tokens go? The lack of transparency is alarming.”
— AICoin Analysis, AICoin
Bittensor Reveals Cause of Network Breach, TAO Price Suffers
“TAO's price declined over 20% in the week following the attack. The compromised PyPI package affected all users who downloaded it between May 22-29.”
— FXStreet, FXStreet
Bittensor Blockchain Halts Operations After Security Breach
“Bittensor network completely halted after supply chain attack. Token drops 17%. This raises serious questions about the network's security model.”
— BeInCrypto, BeInCrypto
Bittensor's TAO Slides 15% After $8M Wallet Drain Attack
“A malicious package uploaded to PyPI stole $8 million from users. The network was halted and TAO's price dropped over 15%.”
— CoinDesk, CoinDesk
VCs Are Pouring Hundreds of Millions Into Bittensor
“Polychain Capital holds approximately $200 million in TAO. Critics question whether this level of VC concentration is compatible with decentralization.”
— Fortune Crypto, Fortune
Bittensor's Centralization Problem
“Despite marketing itself as 'fair mining,' Bittensor's Subtensor chain is managed by the Opentensor Foundation as a black box. Governance is controlled by insiders.”
— Blockchain Critics, ChainCatcher
Why Bittensor is a Scam and TAO is Heading to Zero
“Over 62.5% of TAO tokens are held by insiders and VCs. This is a typical low liquidity, high market cap project similar to recent collapses like OM.”
— Crypto Analyst, PANews