TAC (TACProtocol) 24-hour amplitude reaches 40.1%: cross-chain bridge attack causes sharp volatility
Bitget Pulse2026/05/14 20:51Volatility Brief
In the past 24 hours, TAC price hit a low of $0.01687 and a high of $0.023626. The current price is $0.023595, with a fluctuation range of 40.1%. The 24-hour trading volume is approximately $6.54 million, and the market cap stands at $78.2 million, showing a slight increase compared to the previous day.
Analysis of Unusual Activity
- Cross-chain bridge attack: About 18 hours ago, TAC's TON-side cross-chain layer suffered an external attack, leading to the theft of about $2.8 million in assets (including USDT, BLUM, and tsTON). Bridge services have been suspended, and the team is collaborating with SEAL 911 and others for forensic investigation.
- Team response: The official announcement promised full compensation for users using proceeds from TAC token sales, and plans to release a post-incident report within 48 hours, while actively pursuing the stolen funds.
No significant whale inflows or abnormal on-chain transaction data have been reported; this activity was mainly triggered by panic selling directly related to the attack event.
Market Views and Outlook
Community sentiment remains bearish. CoinGecko data shows 67% are bearish today, with the price dropping about 4.2% in 24 hours. Discussions on platform X focus on attack risks, highlighting the frequent vulnerabilities in bridging. Mainstream opinions are focused on compensation execution and progress in fund recovery. If the report is positive or funds are retrieved, stabilization in the short term is possible, but low liquidity may amplify volatility. Caution is advised against further downside risks.
Note: This analysis is automatically generated by AI based on public data and on-chain monitoring, for informational reference only.Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Paramount SkyDance (PSKY.US) Nears Settlement Agreement to Advance $110 Billion Warner Acquisition, But Some State Attorneys General Still Withhold Support
According to reports, Paramount is engaged in in-depth negotiations with state attorneys general to facilitate the completion of its $110 billion acquisition of Warner Bros. Discovery; however, not all state attorneys general support this plan.
More Hawkish Than Market Consensus! JPMorgan: South Korea Interest Rates Targeted at 3.75%, Terminal Rate ‘Ceiling’ Undetermined
JPMorgan believes that if semiconductor-driven growth triggers stronger inflation and credit and financial markets remain stable, its already above-market-consensus forecast for South Korea's interest rates will face upside risks.
Ackman "Switches Holdings" to AI Giants: Sells All Alphabet (GOOGL.US) Shares, Increases Meta (META.US) Holdings—Should Investors Follow?
Ackman made it clear that this is not a bearish outlook on Alphabet, but rather a decision to shift funds to other, more attractive opportunities given the current valuation.