Binance Alpha-listed TAC suffered one of the most severe cryptocurrency crashes this year after its token fell by more than 90% in about 15 minutes on July 7.
Although no security breach or protocol failure has been confirmed, the collapse has renewed concerns about liquidity risks and token concentration among newly listed crypto assets.
TAC suffers a sudden violent accident
TAC fell from around US$0.06 to nearly US$0.004 within minutes, with trading volume surging as panic selling accelerated. The token later settled near its lows, remaining more than 90% down from prices seen earlier in the day.
The move came just one week after TAC reached an all-time high of around $0.067, highlighting the extreme volatility that can accompany newly listed digital assets.
Strong supporters, but no official explanation
TAC is developing Ethereum Virtual Machine (EVM)-A compatible blockchain designed to bring Ethereum applications to the TON and Telegram ecosystem.
The project has raised approximately $11.5 million from prominent cryptocurrency investors, including TON Ventures, Hack VC, Animoca Ventures, Symbolic Capital, Primitive, and Spartan Group.
Despite the significant price collapse, neither the TAC team nor Binance announced a confirmed cause upon publication. There is also no evidence that today’s move resulted from a network hack or exploitation.
Liquidity and token concentration under scrutiny
Market watchers pointed to several possible factors behind the collapse, including poor order book liquidity, selling by major shareholders, and cascading liquidations.
Unverified on-chain discussions have also questioned whether a small number of wallet groups control a large share of the circulating supply. However, these claims remain unconfirmed and should not be treated as an established fact.
The sell-off follows TAC’s cross-chain bridge exploit in May 2026, which resulted in approximately $2.8 million in losses before affected users were later compensated. Although not related to today’s price action, the previous incident may have contributed to the fragile market sentiment.
What’s next for TAC?
Investors are now awaiting 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, as liquidity conditions and significant portfolio activity become key indicators for traders evaluating the token’s recovery prospects.
this post Binance Alpha Token Erases 90% TAC in Flash Collapse appeared first on BeInCrypto.
