News linked to both this project and an event.
According to official sources, TAC issued a statement regarding the significant price drop in the past 24 hours, stating that the protocol was not attacked, on-chain assets are secure, and the system is operating normally; the team and early investors did not participate in the sell-off, relevant tokens remain in the lock-up and vesting period, and there is no possibility of unlocking at this stage.
According to Odaily, on-chain analyst EmberCN reported that since early this morning, 18 wallets have been selling TacBuild token TAC on-chain, causing TAC to drop from $0.05 to $0.0045, a decline of 91%. As of now, these wallets have sold a total of 372 million TAC, exchanging them for 1.78 million USD1. All relevant tokens were bridged from the TAC chain to the BSC chain before being sold on BSC.