One of the sharpest crashes of 2024 occurred with the TAC token, listed on Binance Alpha. In just 15 minutes on July 7, the asset's price plummeted by over 90% — from around $0.06 to $0.006. The token's market capitalization lost hundreds of millions of dollars, and trading volumes surged amid panic selling. Subsequently, the price stabilized at minimal levels, never recovering.
Investors like TON Ventures and Animoca among backers
Notably, TAC is far from a "junk" project. It is backed by giants such as TON Ventures, Hack VC, Animoca Ventures, Symbolic Capital, and Spartan Group. The project raised approximately $11.5 million in investments and is developing a blockchain compatible with the Ethereum Virtual Machine (EVM) to integrate Ethereum applications into the TON and Telegram ecosystem.
Despite strong support, neither the TAC team nor Binance has provided official explanations for what happened. No signs of a hack or network failure have been detected. This brings us back to the perennial risks of low-cap assets: low liquidity and high concentration of tokens among a narrow circle of holders.
Liquidity under the microscope: what could have triggered the crash
Market analysts point to three possible scenarios: first, extremely low order book depth, where one large sale can trigger a cascade of liquidations; second, massive position dumping by large holders; third, panic following a recent incident with the TAC cross-chain bridge in May 2026, when investors lost about $2.8 million due to an exploit (though losses were later compensated).
Online discussions have also speculated that part of the supply may have been controlled by specific groups of wallets. However, these claims have not yet been substantiated by facts and remain at the level of conspiracy theories.
Forecast: what's next?
Until official information from the team or exchange emerges, the token will likely remain in a zone of high volatility. Key indicators for traders will be liquidity dynamics and movements of large wallets. Without transparency and clear actions from developers, restoring trust in the asset will be extremely difficult.
Expert opinion: This case is yet another reminder that even assets with a "golden" list of investors are not immune to sharp declines. Investors should carefully analyze token distribution and liquidity depth before entering a position, especially in the early stages of listing.