Regarding the sharp price drop of TAC Protocol (TAC), the project side explained, "It was due to the impact of futures liquidation amidst low liquidity." TAC stated via X, "The protocol has not been hacked, and on-chain assets and systems are operating normally. The team and early investors were not involved in this sell-off. The tokens held are currently locked up under lock-up and vesting periods, making them impossible to unlock. It appears that large-scale perpetual futures selling and cascading liquidations have increased downward pressure on the spot market. We will announce plans for liquidity improvement and trust recovery in the future."
