TAC responds to price plunge: Not a vulnerability or insider selling, caused by large perpetual contract triggering chain liquidation

CoinFeed July 9 news: In response to the significant drop in TAC token price, the TAC team responded: TAC has not suffered any form of attack or hacking, all on-chain assets are safe; the team and early supporters did not participate in selling, the tokens are still fully locked, and unlocking has not yet begun. After internal review, the decline was caused by a large perpetual contract sell order triggering a chain liquidation reaction in a market with thin liquidity, which then spread to the spot market. The team is studying measures to strengthen market structure and deepen liquidity, and will announce specific details later this month.