The Collapse of TAC: Token Lost 90% of Its Value in 15 Minutes — What Happened?
The cryptocurrency market has once again been shaken by sharp volatility: the TAC (TON Applications Chain) token collapsed by more than 90% of its value in less than 15 minutes. The asset, which is traded on Binance Alpha and Binance Futures, experienced a rapid dump that caught many market participants off guard.
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, with listings on leading platforms like Binance occurring in July 2025. Its strategic investors include prominent names such as TON Ventures, Hack VC, Animoca Ventures, Symbolic Capital, and Spartan Group.
The reasons for such a sharp decline remain a subject of active discussion. The most likely versions include a massive sell-off by a large holder (whale), possible technical issues at the smart contract level of the network, or a coordinated attack on liquidity. Given that TAC is a relatively young asset with low market depth, even a single large sell order could have triggered a cascade of liquidations and panic among retail investors.
Cryptalist Analytical Verdict
Such events are a harsh reality for tokens that have not yet gone through a full cycle of market consolidation. The high concentration of supply among insiders and venture capital funds makes such assets extremely vulnerable to manipulation. Investors should think twice before entering positions in tokens with low liquidity, even if they are backed by well-known brands. The market does not forgive carelessness — and TAC has clearly demonstrated this.