🚨🚨 The $TAO currency is experiencing a sharp decline 🚨🚨
What happened and what are the details? 👇
After being one of the strongest currencies, and personally I was recommending it, today it falls due to some news and disputes.
The matter is that the Covenant AI team, one of the strongest teams on the Bittensor network, announced its exit from the network.
This team was a key element because it built a massive artificial intelligence model on the network.
They also stated that the network is not decentralized as promoted, and they believe that control is concentrated in the hands of a single entity capable of:
Due to this, they decided to withdraw and continue working independently, and they also sold 37,000 $TAO which is approximately 10M$ million dollars.
Of course, it is very normal to see selling pressure and fear from other investors, and this is what caused the currency to wipe 900M$ million dollars from its market value in less than 24 hours 💀
In this field, you must know that even Adidas can scam you and steal $38M$ from the community 💀
After the NFTs sector was at its peak in 2021
Adidas entered and made huge partnerships with the biggest projects like Bored Ape Yacht Club and Punks ...
They launched their own NFTs and the Mint price was 0.2 Ethereum, which was worth $800$ at that time.
They made total profits of $38M$ including royalties.
They had promises that their NFT would have features like:
• Events and happenings for NFT holders
• Exclusive clothing releases
They didn't implement any of this 😂
After all these things, the NFT sector died; no one wants to buy pictures on the blockchain. There has been no update from Adidas; they collected $38 million and left 🚶🚶
Oh, the regret over the Trust Wallet coin, which was one of the first coins in their wallet that many of us still use, and most of their products are good.
Their coin $TWT dropped in an incomprehensible way to most people 🔻
I decided to do a simple on-chain analysis for the reason of the drop and found that the drop started about 10 hours ago.
And 10 hours ago, there was a transfer from the Merkl platform contract to an unknown wallet worth $1.7M from the coin $TWT .
After that, it was transferred to the #Binance platform and sold, of course, this is what caused a clear drop.
The Merkl contract still has 48.5M of $TWT which equals $18.17M.
One of the first and most important individuals in Bitcoin history The first person to receive Bitcoin from Satoshi Nakamoto personally
In the first transaction in 2009, the value was only 10 BTC
He was one of the early supporters of the idea and believed in Bitcoin before the whole world knew it
His last tweet was:
"Running bitcoin"
He passed away in 2014 after a battle with illness But his name is still associated with the beginning of Bitcoin and its creation; some believe he is Satoshi himself, while others doubt his death
His Twitter account is managed by his wife
Z crypto - زي كريبتو
·
--
Satoshi Nakamoto 🎭
The strongest individuals holding Bitcoin in the world, worth 1.096M million Bitcoins, which currently equals 72B$ billion dollars, distributed across more than 22 thousand wallets.
These wallets have not been moved since 2011, and his last message was:
I've moved on to other things. It's in good hands with Gavin and everyone.
What do you expect if one of these wallets moved now?
Personally, I expect a bloody drop that we haven't seen before 🔻
The strongest individuals holding Bitcoin in the world, worth 1.096M million Bitcoins, which currently equals 72B$ billion dollars, distributed across more than 22 thousand wallets.
These wallets have not been moved since 2011, and his last message was:
I've moved on to other things. It's in good hands with Gavin and everyone.
What do you expect if one of these wallets moved now?
Personally, I expect a bloody drop that we haven't seen before 🔻
🚨 One of the biggest scams that happened in Web3 and crypto:
• The world of NFTs • The world of the metaverse
Imagine buying an image on the blockchain for more than 300K$ dollars and its current price is about 10K$ dollars only, which means a huge loss.
People also used to buy houses and villas on metaverse sites for hundreds of thousands of dollars; now their virtual homes on these sites are worth 0$ dollars 💀
🚨 Imagine saving a project from a loss of $500M due to a security vulnerability and you were supposed to receive $500,000 as a reward but received nothing.
This is what happened with our friend who discovered a very serious vulnerability in the Injective network that allowed anyone to withdraw money from any account on the network without permissions.
The value at risk was more than $500M in assets on the network 😐
He reported the vulnerability through Immunefi, and it was indeed fixed quickly via an upgrade on the network after the team understood its severity, but the shock came afterward.
3 months of silence without any follow-up or technical discussion.
Then finally came the response:
The reward will be only $50K.
Although the maximum reward for critical vulnerabilities in the program reaches $500K.
Our friend objected to the decision but has not received any explanation or even payment yet.
Saving you $500 million in assets is not a civilized way to deal with him at all.
🚨 A very strange and terrifying story happened on the Ethereum network and remains unexplained to this day 🚨
In February 2025
A Chinese programmer burned 603.38 ETH approximately 1.21M$ million dollars by sending it to the Zero Address, which is the burn wallet
But it wasn't just a burn; each transaction contained mysterious messages attached to it
🔥 The first burn 500 ETH
He accused the Chinese hedge fund Kuande Investment and its directors Feng Xin and Xu Yuzhi of using weapons to control the minds of employees
🔥 The second burn 70.36 ETH
The message was:
As brain interface technology and thought-reading technology continue to evolve, a new pattern of crime emerges where wild animals become puppets or slaves controlled by machines
🔥 The third burn 33.03 ETH
The message was:
Another new trend in crime is a victim gradually losing the desire to live until they become a complete digital slave, and if I ever become a victim of the final stage, I will leave this world
And it didn't stop there
💰 The same wallet sent 711.52 ETH to the WikiLeaks donation address, including 591.62 ETH in a single transaction
He also left a long message saying that he has been monitored since his birth by an organization that controls minds 🤔
1 minute to speak on stage costs you 33,000$ dollars 😯
As a project, this is the amount you have to pay if you want to speak for one minute on the TOKEN2049 stage in Dubai, and the attendance is approximately 25,000 people.
5 minutes = 165,000$ dollars
Also, some projects speak on stage for free, but their product must be good.
Bitcoin dropped from 90 thousand to 60 thousand for no convincing reason 🔻
In my humble opinion, the reason is now clear and it is the current war, and before it started, it was priced in.
Now Bitcoin is behaving as if there is no war, stable due to the pricing that happened recently.
Do you remember the Trump family organization World Liberty Finance that was selling Bitcoin and Ethereum for no reason + the selling pressure that was coming from American platforms like Coinbase and Kraken and some big whales as well....
Selling for no reason »» Market drop »» Outbreak of war »» Bitcoin stable »» End of war »» Bitcoin rises strongly.
While most are asleep, Israel carried out a surprise strike inside Iran with American support, targeting military sites and facilities related to the nuclear program after negotiations stalled.
President Donald Trump announced the United States' entry into military operations, asserting that the goal is to end the Iranian nuclear threat, with hints at regime change.
Prime Minister Benjamin Netanyahu stated that the operation aims to weaken the Iranian regime and create conditions for its change.
Iran responded by launching missiles towards Israel and attacked American military bases in the Middle East, including sites in Saudi Arabia, Qatar, the UAE, and Bahrain.
The Iranian Supreme Leader Ali Khamenei was moved to a safe location and announced that he is fine.
The situation is heading towards broader escalation in the region amid international fears of war expansion.
Is this a new play like its predecessor, or a serious war?
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