The TAC token crashed by 90% in 15 minutes: what is behind the collapse
In less than 15 minutes, the TAC token lost over 90% of its market value. This extreme drop occurred amid trading on Binance Alpha and Binance Futures, indicating a possible large-scale liquidation of positions or a sudden dump by a major holder.
What is TAC and why it matters
TAC is the native token of the TON Applications Chain, an EVM-compatible solution for the TON ecosystem. The project was announced in 2023 and was listed on Binance in July 2025. Its investors include well-known venture capital firms such as TON Ventures, Hack VC, Animoca Ventures, Symbolic Capital, and Spartan Group. This indicates that the project had significant institutional support, making the current crash an even more alarming signal for the market.
Such sharp movements are a classic sign of either manipulation or a cascade of long position liquidations in the futures market. Given that TAC is traded on Binance Futures with leverage, even a small price movement could have triggered a chain reaction of forced closures, amplifying the decline.
My analysis: It is too early to draw conclusions about a fundamental problem with the project — this may be a temporary liquidity shock. However, investors should closely monitor the team's next steps and trading volume. If recovery does not occur in the coming hours, trust in the token could be undermined for a long time.