# FedNomineeHearingDelay

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TAO JUST CRASHED 23% IN HOURS AND THE REASON WILL SHOCK YOU
Everyone was celebrating TAO's 100%+ rally... then THIS happened 💀
📉 $341 → $248 in a matter of hours...
Nearly $900 MILLION wiped from market cap...
Over $9.2M in long positions liquidated
⚠️ $TAO chart was already showing weakness before the news even hit...
The EMA(9) crossed below EMA(21)... Price was rejected hard at $341... The chart whispered danger most ignored it
So what happened?
Covenant AI Bittensor's BIGGEST subnet operator just rage quit the entire network 🔥
They called Bittensor's decentralization a straight up LIE
T
TAO2,02%
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