Wu Blockchain learned that TAC’s official X post stated that, in the past 24 hours, the TAC token price fell sharply. However, the protocol was not hacked, on-chain assets are safe, the team and early supporters were not involved in any sell-off, and the related tokens remain fully locked and have not started to unlock yet. TAC said its internal review found no token minting or malicious activity. The decline was triggered by a large sell order for a perpetual contract, which then set off a cascade of liquidations in the perpetual contract market and increased sell pressure in the spot market. The team will announce specific measures later this month to strengthen market structure, deepen liquidity, and rebuild confidence. Previously, TAC Protocol (TAC) saw extreme price action in the evening of July 7, dropping 90% within 15 minutes. TAC is a token related to an EVM-compatible blockchain for the TON and Telegram ecosystem.