Within minutes, the market witnessed one of the sharpest declines in recent times. The TAC token, associated with the TON Applications Chain infrastructure project, lost over 90% of its value in less than 15 minutes. The native asset is traded on Binance Alpha and Binance Futures, making the scale of the crash particularly noticeable for traders.
What lies behind the project
TAC is developing an EVM-compatible Layer 2 network for the TON ecosystem. The project's idea is to ensure seamless integration of Ethereum smart contracts into the Telegram Open Network environment. The project was announced back in 2023, and its listing on Binance took place in July 2025. Its investors include entities such as TON Ventures, Hack VC, Animoca Ventures, Symbolic Capital, and Spartan Group.
Situation analysis
Such a rapid depreciation of an asset backed by well-known funds raises questions about liquidity and price stabilization mechanisms in the early stages of trading. Typically, such movements indicate a cascade of long position liquidations in the futures market or a sudden sell-off by a large holder. In any case, this is a serious signal for the community: even projects with a solid background are not immune to extreme volatility at launch.
My professional opinion: Incidents like these highlight the critical importance of assessing market depth before entering positions in new tokens. Investors should remember that a Binance listing is not a guarantee of stability, especially in the first hours and days of trading.