Bittensor (TAO) faces price recovery challenges after a model leak triggered a subnet staking drop. Over the next 5 days, TAO’s price ($365.06, -52% from $760.18 ATH) may hinge on vulnerability fix progress. The July 2024 hack, exposing coldkeys via a compromised library, eroded trust, with 81% of TAO staked reducing liquid supply, amplifying volatility. Dynamic TAO’s decentralized governance may stabilize sentiment if fixes are swift, but slow progress could see prices dip to $300-$320. Subnet activity (80+ subnets, $3.18B market cap) and validator emissions (17% APY) suggest resilience, yet X posts warn of catastrophic risks if subnets fail product-market fit. Recovery potential is moderate (10-15% upside) if audits advance, but correlation with fix progress is strong. Monitor Opentensor’s security updates. 0 reply
0 recast
0 reaction