TAC, the Binance Alpha-listed token, experienced one of the sharpest crypto flash crashes of the year on July 7, plunging over 90% in approximately 15 minutes. According to reports from WuBlockchain, the token dropped from around $0.06 to nearly $0.0063 within minutes, with trading volume surging as panic selling accelerated. At press time, the token was trading at $0.0063 after tumbling from $0.06. The token later stabilized near its lows, remaining down more than 90% from prices seen earlier in the day. This dramatic move came just one week after TAC reached an all-time high of approximately $0.067, highlighting the extreme volatility that can accompany newly listed digital assets. The crash happened after TAC started trading on Binance Alpha, Binance's platform for early-stage crypto projects, with the token briefly attracting some investors before the momentum faded quickly as traders rushed to sell after taking profits.
Despite the dramatic price collapse, TAC maintains significant backing from prominent crypto investors. As reported by WuBlockchain, the project has raised roughly $11.5 million from investors including TON Ventures, Hack VC, Animoca Ventures, Symbolic Capital, Primitive, and Spartan Group. In 2024, TAC also secured a $6.5 million seed funding round led by Hack VC and Symbolic Capital to help develop its technology. The token is developing an Ethereum Virtual Machine (EVM)-compatible blockchain designed to bring Ethereum applications into the TON and Telegram ecosystem. The project uses Cosmos SDK technology and includes a TON Adapter, which helps Ethereum-based applications work with Telegram. Through this system, developers can create decentralized applications that users can access directly through Telegram Mini Apps. The token was first listed on Binance's Alpha launchpad and the exchange's futures platform in July 2025, giving it an immediate liquidity advantage over many early-stage projects.
Market analysts attribute today's freefall to multiple factors, with the TAC airdrop on Binance Alpha potentially contributing to the price drop. Eligible users with enough Alpha points received 1,875 TAC tokens for free, and since these users did not buy the tokens with their own money, some holders may have decided to sell immediately after trading opened. When many people sell at the same time, especially in a market with limited liquidity, prices can fall rapidly. As shown by DEX Screener, several early airdrop recipients aggressively dumped the token into the market today, prompting automatic stop-losses and liquidated leveraged long positions, further fueling the downward spiral. The speed of the selloff points to a severe liquidity mismatch, with Binance Futures-listed tokens typically seeing deeper order books but TAC's price action suggesting either a single large liquidation cascaded through thin books or an early investor unwound a major position with no buy-side support. The crash comes at a time when TON itself has been riding a wave of positive sentiment, with its native token securing the top position in recent weekly gainers analysis with an 83.63% surge. The sharp fall has raised fresh concerns over liquidity, volatility, and risk in newly listed or low-liquidity tokens, especially those trading on high-volume platforms.
The crash has triggered unprecedented trading activity, with trading volume surging by 1266% as the selloff increases, pushing the volume to around $76.57 million worth of TAC changing hands during the first 24 hours. At some point, the token went as high as over 25% before the dramatic collapse. At press time, neither TAC Protocol nor Binance has given an official reason for the sudden fall, and there was no evidence that the crash was caused by a hack or technical problem. The token's extreme volatility highlights the risks associated with trading newly launched crypto tokens, even projects backed by prominent investors can experience extreme price volatility shortly after entering the market. Investors are now watching for an official statement from the TAC team, exchange updates, and on-chain data that could explain the sudden collapse. Until more information emerges, TAC is likely to remain highly volatile, with liquidity conditions and large-wallet activity becoming key indicators for traders assessing the token's recovery prospects.
