Loading...
TAC crashed 90% in just 15 minutes yesterday. Today, the project team released an announcement: 'The team did not participate in the sell-off, tokens are still in the lock-up period, and the system is operating normally.' — The scariest announcement in the crypto industry is 'Everything is normal.' A project that loses 90% of its value in 15 minutes says in its announcement, 'No additional issuance, no malicious behavior, no attacks.' So where did the $20M market cap go? 'A large perpetual contract sell order was triggered in a market with thin liquidity' — Translation: Someone dumped, no one bought, and it collapsed. In plain language: Your tokens are trading in a pool where $2M can wipe out 90% of the depth. And this is called 'system operating normally.'