💥 Covenant AI exits Bittensor, dumps TAO and sparks drama

Major drama unfolding around $TAO.

Covenant AI, the team behind several Bittensor subnets (SN3, SN81, SN39), announced they’re leaving the ecosystem and publicly accused Bittensor founder Const of centralized control.

Key claims:

➡️ Emissions to Covenant subnets were suspended
➡️ Moderation rights over their own channels were removed
➡️ Their subnet infrastructure was deprecated without consent
➡️ Token sales were allegedly used as pressure during conflict
➡️ Governance described as “decentralization theatre” with effective control still in one hand

At the same time, the team exited their position.

37,000 TAO (~$10M) sold.
Price dropped from $340 to $275.

Covenant AI and its trained LLM were one of the main drivers behind TAO’s recent rally, especially after being mentioned by NVIDIA’s CEO.


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🟢 OnChain: $HYPE

A newly created wallet deposited $3M USDC into HyperLiquid and purchased 123,127 HYPE tokens at an average price of $40.6.

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🥷 $RAVE prints 5200% as “crime season” vibes return

While most alts are flat, RAVE suddenly delivers a 5200% move with no clear catalyst.

On-chain activity looks questionable.

As the pump started, 2 wallets dumped ~18.5M tokens into Bitget.
Both are linked to the deployer address.

At the same time, a RAVE/USD1 pair appears via WLFI ecosystem, with Trump Jr. publicly referencing the rollout.

The flow points to familiar routes across Bitget and Binance-linked wallets, bringing back the usual “crime season” narrative.

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