A Bittensor Developer Dumped 37,000 TAO Crypto and Quit the Network: Is the Governance Crisis Just Getting Started?

Bittensor TAO crypto token is trading near $249, down over 4.5% in 24 hours and nearly 68% off its all-time high of $767.68, after one of the most damaging governance crises in the project’s history. The question isn’t just whether the price recovers. It’s whether the trust does. Covenant AI’s abrupt exit from the network has exposed a fault line that technical analysis alone can’t price…