A sharp and dramatic collapse occurred in the cryptocurrency space: the TAC token lost over 90% of its market value in less than 15 minutes. This incident, recorded on the Binance Alpha and Binance Futures trading platforms, has caused serious concern among market participants and raised questions about the liquidity and volatility of assets associated with the TON ecosystem.
Incident Details and Project Context
TAC is the native token of the TON Applications Chain, an EVM-compatible network specifically designed to scale and support decentralized applications within the TON ecosystem. The project was announced in 2023, with its listing on Binance occurring in July 2025, indicating its relatively recent entry onto major exchanges. TAC's strategic investors include reputable funds such as TON Ventures, Hack VC, Animoca Ventures, Symbolic Capital, and Spartan Group.
Such a rapid price drop — 90% in a quarter of an hour — points to an extreme market situation. Similar movements are often associated with mass token dumps by large holders (whales), technical failures in protocol operations, or a sudden loss of confidence due to undisclosed information. As of now, no official statements from the project team regarding the causes of the collapse have been released, which amplifies the speculative atmosphere surrounding the asset.
My Analysis and Conclusions: This case serves as a stark reminder that even projects with a solid investor base and listings on top-tier exchanges are not immune to instant liquidity crises. For TAC holders, especially those who entered the asset after the listing, this has become a severe financial blow. The market is now awaiting clarifications from the team: if the collapse was caused by a technical error or an attack, a partial recovery may be possible. However, if it results from insider actions or fundamental disappointment in the project, the consequences could be long-term. Investors should exercise extreme caution and avoid succumbing to panic selling without a clear understanding of the reasons behind the event.