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TAC Token Plummets 91% to $0.0045 in 24 Hours, Triggered by Large Perpetual Contract Selling Order

Price Volatility Derivatives Data

2026-07-09 05:41:47

TAC-40.09%

According to TAC and Foresight News, TAC token price declined 91% in the past 24 hours, falling from $0.05 to $0.0045. The protocol stated that the collapse was triggered by a large perpetual contract selling order, which subsequently cascaded into liquidations in the perpetual futures market and spot selling pressure. TAC confirmed there was no hacking attack, and core team members and early supporters did not participate in the sell-off. All team and early supporter tokens remain fully locked and have not begun unlocking, with no evidence of token minting or malicious activity found during an internal review. The team said it would release specific measures to strengthen market structure, deepen liquidity, and rebuild confidence later this month.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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