This Subnet Owner Sold The Tokens And Left. Tao Dropped 20 %

By Osiris Stephenson · Published April 20, 2026 · 1 min read · Source: Cryptocurrency Tag

Member-only story

This Subnet Owner Sold The Tokens And Left. Tao Dropped 20 %

Good pho is never expensive and never complicated, San Sun in SF Chinatown

A subnet owner on Bit Tensor named Sam Dar built three subnets under the Covenant AI banner. Subnets 3, 39, and 81. Together they formed a system for decentralized pre-training, compute, and post-training of AI models. The project produced a 72 billion parameter model trained entirely outside the major AI labs. It was the crown jewel of the Bit Tensor ecosystem.

Then Sam published a statement accusing one of Bit Tensor’s co-founders of blocking his operations. He sold his tokens. Tao dropped from 335 to 271. The crypto community lost its mind.

If this is your first time reading, my name is Osiris. I build products, run research, and operate an AI company on my own. I have exited a venture before and now I handle everything end to end. What I share here comes from actual work, shaped by both the constraints and the opportunities of building in the real world.

What Actually Happened

Sam had been on the show two weeks earlier talking about Templar and decentralized training. He was getting amazing press. Covenant AI was at the top of the emissions rankings. The project was the best advertisement for Bit Tensor’s thesis that decentralized networks can compete with centralized AI labs.

This article was originally published on Cryptocurrency Tag and is republished here under RSS syndication for informational purposes. All rights and intellectual property remain with the original author. If you are the author and wish to have this article removed, please contact us at [email protected].