Just got today’s Mentat Report in my email and this is the part that jumped out at me:
TAO is leaving Root… but it’s NOT flowing into subnets yet.
It’s sitting in wallets.
That looks less like people leaving Bittensor and more like capital sitting on the sidelines waiting for the next move.
Mentat’s headline: “Subnets Are Waiting for September.”
Maybe September is when the rotation really starts. 👀