The team didn't dump, mint new tokens, or get hacked, yet 90% evaporated in 15 minutes — the current DeFi market structure really needs fixing.

CoinWorld News, Wu Says reports, tac official tweeted that the price of the tac token has dropped significantly over the past 24 hours, but the protocol has not been hacked, on-chain assets are safe, and the team and early supporters have not participated in the sell-off. The relevant tokens remain fully locked and have not yet begun to unlock. tac stated that internal reviews have found no evidence of token inflation or malicious activity. The drop was triggered by a large perpetual contract sell order, which subsequently led to a cascade of liquidations in the perpetual contract market and spot selling pressure. The team will announce specific measures to strengthen market structure, deepen liquidity, and rebuild confidence later this month. Previously, tac protocol (tac) experienced extreme market volatility on the evening of July 7, plummeting 90% within 15 minutes.