The market has been shaken again: the TAC token, associated with the TON Applications Chain ecosystem, crashed by more than 90% in just 15 minutes. At the peak of the decline, the asset was trading on Binance Alpha and Binance Futures, which only intensified the wave of liquidations and panic selling.
TAC is the native token of the EVM-compatible TON Applications Chain network, created to scale the TON ecosystem. The project was announced in 2023, and its listing on Binance took place in July 2025. Among its investors are TON Ventures, Hack VC, Animoca Ventures, Symbolic Capital, and Spartan Group. Despite such solid backing, the sharp drop in value raises questions about the token's stability and trust in the team.
Such collapses within minutes are a classic sign of either a large-scale sell-off by insiders or a technical glitch in the liquidity protocol. Given that TAC is present on Binance Futures, there is a high probability that a chain of long position liquidations triggered a cascading decline. Without an official comment from the TAC team and data on major fund movements from investor wallets, we can only speculate.
My analysis: Such events are a powerful signal for the market. Even projects with big names on the investor list are not immune to sudden crashes. I recommend market participants double-check liquidity mechanisms and monitor the activity of large holders before making decisions to enter positions.