TAC plunges 91% after 18 wallets sell 372 million tokens on BSC

The token fell from $0.05 to $0.0045 after holders bridged TAC from the TAC chain to BSC and sold for 1.78 million USD1, according to on-chain analyst Ember.

Summary

TAC dropped 91% from $0.05 to $0.0045 after 18 wallets sold the token on-chain, a move tracked by on-chain analyst Ember. The wallets collectively sold 372 million TAC for 1.78 million USD1 after bridging the tokens from the TAC chain to BSC (BNB Smart Chain). The sequence suggests cross-chain transfers helped move the tokens into a market where they were then sold, adding sharp pressure to the token's price.

Terms & Concepts
  • on-chain: Recorded directly on a blockchain
  • bridging: Transferring tokens between blockchains
  • BSC: BNB Smart Chain network