تخسر Bittensor 900 مليون دولار من القيمة السوقية مع خروج مطور رئيسي للذكاء الاصطناعي وسط القتال الداخلي

A high-profile departure from Bittensor has triggered a steep sell-off in the decentralized artificial intelligence network, wiping out nearly $900 million from its market capitalization in a matter of hours as internal disputes spill into public view. On April 10, Covenant AI, the development team behind one of the network’s largest subnets, announced that it is abandoning the Bittensor ecosystem . The exit of the developer who built a groundbreaking 72-billion-parameter AI model sent shockwaves through the crypto-AI sector and exposed deep ideological rifts over the network's governance. Data from CryptoSlate showed that the price of Bittensor’s native token, TAO, plummeted 27% following the announcement, falling from $338 to a low of $285 within a two-hour window before recovering slightly to $294. CoinGlass data also showed that the crash triggered $11 million in liquidations of long positions. Meanwhile, the collateral damage extended well beyond the core token; according to CoinGecko, over $300 million was wiped out from TAO’s broader subnet ecosystem. Notably, the crisis abruptly halted a period of significant growth for the subnets. Over the past month, TAO has rallied 30%, driven by institutional interest and technological milestones. Just days before the crash, the network’s subnet token category boasted a combined market capitalization of over $1.5 billion. Infographic titled “Anatomy of a Governance Crisis: The Covenant AI Exit” showing a $900 million market value loss, $11 million in liquidations, a 27% TAO price drop, and a three-layer governance breakdown. Covenant leadership alleges Bittensor runs a ‘decentralization theatre' At the center of the conflict are allegations of centralized control. In a blistering statement on X, Covenant AI Founder Sam Dare accused Bittensor Co-founder Jacob Steeves, widely known in the community as Const, of operating the network as a “decentralization theatre.” Dare wrote: “The entire premise of Bittensor, the promise