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“Sam Dare. He essentially dumped 37,000 Tao worth of subnet Alpha on the way out and cratered prices across the board.”

“Sam, which is the Covenant AI founder, has sold all of his Subnet holdings, effectively rugging them.”

“Sam Dare was the founder of Covenant. They owned three different subnets as you can see here... he decided to go dump 37,000 TAO on his own subnet holders.”

“the owner of the subnet, Sam Dare, would not have just dumped $10 million because he had problems with the ecosystem or the founder that can be gotten over. This was strictly malicious in my opinion. He wanted an exit.”