TAC crash linked to massive dump from 18 wallets

An overnight crash of over 90% in TAC Protocol (TAC) was triggered by a large-scale on-chain sell-off from 18 wallets, according to an analysis. On-chain analyst EmberCN noted that many tokens seem to have recently entered what he described as a "harvest mode." He explained that since midnight on July 8, 18 wallets have conducted a massive on-chain sale of TAC tokens, causing the price to plummet approximately 91% from $0.05 to $0.0045. These wallets sold a total of 372 million TAC, securing 1.78 million USD1. The sold tokens were all bridged from the TAC main chain to the BNB chain before being cashed out. EmberCN added that this pattern is similar to the cash-out methods used for Siren (SIREN) a month ago and AKE yesterday. He suggested it is highly likely that the same entity manipulated the prices of all these tokens.