@Carthan0x Liquidity is the bottom line. Growth without liquidity support is just a mirage; it will collapse immediately upon encountering any pressure
🚨BREAKING:
Bittensor $TAO has crashed -27% and wiped out nearly $900 million from its market cap in the past 12 hours.
$9 million in TAO longs were also liquidated.
This came after Covenant AI a major project on TAO announced they are leaving bittensor and reportedly sold 37,000 $TAO worth over $10 million.
Team have accused bittensor founder of running a “decentralized theatre” lie and controlling many aspects of the protocol.
Market capitalization is merely the result. What truly reflects the health of the chain are the aforementioned core indicators you mentioned: Settlement share represents the actual demand, Fee efficiency reflects the capture of network value, and Liquidity depth ensures the resilience of the ecosystem
Trump is about to demand another $1.5 trillion from Congress, the highest demand in modern history, to continue funding Israel's war in Iran.
Fuck him and fuck YOU if you support it.