Another dramatic crash has occurred in the cryptocurrency market. The TAC token, associated with an infrastructure project for the TON ecosystem, lost over 90% of its market value within just 15 minutes. This event caught many traders and investors off guard, triggering a wave of liquidations on spot and futures markets.
The TAC asset is traded on Binance Alpha and Binance Futures, making it accessible to a wide audience. The sharp decline began without any visible prerequisites, indicating possible market manipulation or the execution of a large sell order. According to my data, the volume of liquidations during this short period could have exceeded several million dollars.
The TAC project itself is an EVM-compatible TON Applications Chain network, designed to scale decentralized applications on the TON blockchain. It was announced back in 2023, and its listing on Binance took place in July 2025. Its institutional investors include well-known funds such as TON Ventures, Hack VC, Animoca Ventures, Symbolic Capital, and Spartan Group.
Despite support from major players, the current situation demonstrates how volatile the cryptocurrency market can be, especially for tokens with relatively low liquidity. A 90% drop in such a short time has virtually wiped out the asset's short-term market capitalization, and recovery will now depend on the project team's response and any potential buyback program.
Expert opinion: Such crashes are a warning signal for the entire TON ecosystem. Investors should closely monitor further statements from TAC developers, as without a clear plan to restore trust and liquidity, the token risks remaining at the bottom.