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#GUSD年化升至3.8% Wu reported that TAC official tweeted that the TAC token price has dropped significantly over the past 24 hours, but the protocol was not hacked, on-chain assets are safe, the team and early supporters did not participate in the sell-off, and the relevant tokens are still fully locked and have not yet started unlocking.
TAC stated that an internal review found no token issuance increase or malicious activity. The decline was triggered by a large perpetual contract sell order, which subsequently caused 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.
Earlier, TAC Protocol (TAC) experienced extreme price action on the evening of July 7, plunging 90% in 15 minutes.
TAC is a token related to an EVM-compatible blockchain for the TON and Telegram ecosystem.