TAO has been declared dead 16 times.
Current price: $347.08
If you invested $100 each time TAO was declared dead, you'd have $1,920 today.
“they are bidding up tao because of a project named TEMPLAR something named after a group who FAILED AND DIED and the only thing left is some references in assassins creed. might be worse than avici.”
— hellojintao, X
“Remember they told u $TAO is new bitcoin? Ya it died Rip”
— Cloud9 Markets, X
“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
“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
“DCG's heavy investment in TAO has created controversy. Bitcoin maximalists question why Silbert is backing what they call 'another altcoin scam.'”
— CoinDesk, CoinDesk
“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
“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
“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 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
“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
“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 network completely halted after supply chain attack. Token drops 17%. This raises serious questions about the network's security model.”
— BeInCrypto, BeInCrypto
“A malicious package uploaded to PyPI stole $8 million from users. The network was halted and TAO's price dropped over 15%.”
— CoinDesk, CoinDesk
“Polychain Capital holds approximately $200 million in TAO. Critics question whether this level of VC concentration is compatible with decentralization.”
— Fortune Crypto, Fortune
“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
“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