Bittensor’s TAO token has fallen nearly 20% from its June 15 peak after governance concerns, derivatives liquidations, and a risk-off macro backdrop combined to erase much of last week’s rally.
Summary
- TAO has fallen nearly 20% from its June 15 high as governance concerns and liquidations hit sentiment.
- Criticism of the Root Reborn proposal has raised questions about validator power, liquidity, and regulation.
- Technical indicators show sellers remain in control, with $220 acting as a key near-term support level.
According to data from crypto.news, Bittensor (TAO) price dropped 4.3% in the last 24 hours to trade near $225 on June 19, bringing its losses to nearly…
