🔥TAO 24-hour drop of over 9%, market cap falls to $3.21B

According to market data, TAO has dropped over 9% in the past 24 hours, currently priced at $292.7, with a market cap falling to $3.21B. Decentralized AI training team Covenant AI issued a public statement, officially announcing their exit from the Bittensor network, and named the network's core figure Jacob Steeves (online name Const), accusing him of systemic betrayal of decentralization commitments. Covenant AI founder Sam Dare disclosed that Const recently took a series of suppressive actions against his team: suspending token emissions for their subnet, stripping their management rights over their community channels, unilaterally abandoning subnet infrastructure, and during the conflict, using large-scale, high-visibility token…