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TAO Tanks 20% as Major Subnet Developer Accuses Bittensor Founder of 'Decentralization Theatre'

April 10, 2026
1 min read
TAO Tanks 20% as Major Subnet Developer Accuses Bittensor Founder of 'Decentralization Theatre'

Bittensor's TAO token is the worst performer among the top-100 large-caps today, April 10, after a major subnet operator announced their departure from the ecosystem.

Yesterday evening ET, TAO plunged from around $338 to a low near $253 — a drop of roughly 25% — erasing close to $900 million in market cap, per CoinGecko data. The asset is currently down 20% over the past 24 hours, trading near $270 at press time.

TAO Tanks 20% as Major Subnet Developer Accuses Bittensor Founder of 'Decentralization Theatre'

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