Bittensor Drops 23% in a Day as BNB Holds Above $607 and Pepeto Pushes Presale Narrative

Bittensor Drops 23% in a Day as BNB Holds Above $607 and Pepeto Pushes Presale Narrative

N
News Editor 01
2026-07-22 21:20:14
A report highlights TAO’s sharp April 10 selloff after Covenant AI exited Bittensor, while BNB stayed above $607 and Pepeto leaned on presale fundraising and Binance listing expectations.
BittensorBNBPepetotoken presaleETF

Covenant AI’s exit from the Bittensor network triggered one of the sharpest moves in the article. The piece says the group sold 37,000 TAO, valued at about $10 million, sending the token from $337 to $262 on April 10, a 23% one-session drop. It also notes that Bitcoin was rising at the same time, which meant many traders did not focus on TAO’s selloff right away.

TAO selloff hits hard, but revenue and ETF filing remain part of the case

The report still presents Bittensor as a major name in the AI-token trade despite the drawdown. It states that the network supports 128 subnets and generated $43 million in first-quarter revenue. It also points to Grayscale’s ETF application with the SEC as an ongoing factor. In another section, the article says the liquidation of TAO exposure erased about $900 million in market value within hours. Its recovery case is simple: if sentiment settles, TAO returning to roughly $400 over the coming months would imply about a 50% rebound.

BNB stays in a defensive lane with burns and the Maxwell upgrade

BNB is framed very differently. The article cites a price of about $607 from CoinMarketCap and describes the token as relatively stable while many altcoins weakened under selling tied to the Iran conflict. Two support points are repeated: quarterly token burns that continue to reduce supply toward the 100 million hard cap, and the Maxwell upgrade, which the piece says improved block times across the chain. It also mentions forecasts calling for $900 to $1,200 by late 2026, though those figures are presented as market expectations rather than realized performance.

Pepeto takes the spotlight through fundraising and Binance listing claims

Most of the promotional energy in the source is directed at Pepeto. The article says the presale price stands at $0.000000186 and that the project has already raised $8,920,333. Its main pitch is the possibility of a 150x move tied to a Binance listing. The platform is described as offering a contract-code reader, zero-cost swaps across ETH, BNB Chain, and Solana, plus a lock-mint bridge for token transfers. The write-up also says the code was audited by SolidProof and Coinsult, and it highlights a 185% APY staking offer.

Judging by the structure and wording, the piece reads more like a marketing-driven token comparison than an independently reported market analysis. BNB is framed as the steadier trade, TAO as the AI-linked recovery play, and Pepeto as the highest-risk, highest-upside candidate built around presale demand and listing expectations.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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