The TAC team has clarified that the recent sharp decline in TAC token price was not due to a vulnerability or insider selling. According to the team, all on-chain assets remain secure, and neither the team nor early supporters have sold any tokens, which are still fully locked. The price drop was triggered by a large sell order in perpetual contracts, leading to a chain reaction of liquidations in a thinly liquid market, subsequently affecting the spot market. The TAC team is currently exploring measures to enhance market structure and liquidity, with further details expected later this month.
TAC Token Price Drop Attributed to Perpetual Contract Liquidation
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