A top Bittensor operator (Covenant/Templar) dumped ~37,000 $TAO (~$10M), walked away, and $TAO dropped ~25% in the immediate aftermath. Here’s what happened: A top Bittensor subnet operator ALLEGEDLY dumped ~37,000 $TAO worth ~$10M, and walked away. $TAO dropped ~25% in the immediate aftermath… We dig into how the network’s structure can create “subnet owner risk,” and why “owner lockups” are one of the clearest governance fixes going forward.