TAC Denies Attack or Insider Sell-Off, Attributes Price Drop to Liquidation Cascade
2026-07-09 12:59

Woofun AI reports that TAC addressed the significant 24-hour price decline, confirming the protocol suffered no attacks and on-chain assets remain secure. The team stated that system operations are normal and neither insiders nor early investors participated in the sell-off, as their tokens remain under lock-up and vesting restrictions with no immediate unlock possibility. The price movement was identified as a result of a liquidation cascade.

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