An analysis suggests that the over 90% plunge of TAC Protocol (TAC) last night originated from a massive on-chain sell-off by 18 wallets. On-chain analyst EmberCN stated, "It seems quite a few tokens have recently entered 'harvest mode.' From midnight on the 8th until now, 18 wallets have massively sold TAC tokens on-chain, causing the price to plummet approximately 91% from $0.05 to $0.0045. These wallets sold a total of 372 million TAC, securing 1.78 million USD. All sold tokens were bridged from the TAC main chain to the BNB chain before being cashed out. This pattern is similar to the cashing-out method of SIREN a month ago and AKE the day before. It is highly probable that the same forces manipulated the market prices of all these tokens."
