TAC, a token listed on Binance Alpha, suffered a flash crash on July 7 as its price plunged more than 90% in approximately 15 minutes. The token dropped from around $0.06 to nearly $0.004 within minutes, with trading volume surging during the collapse. No security breach or protocol failure has been confirmed as the cause of the crash, though the incident has raised concerns about liquidity risks and token concentration among newly listed crypto assets.
TAC Drops 90% in 15-Minute Flash Crash on July 7
TAC dropped from around $0.06 to nearly $0.004 within minutes on July 7, with trading volume surging as panic selling accelerated. The token later stabilized near its lows, remaining down more than 90% from prices seen earlier in the day.
The 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.
TAC Raised $11.5 Million from Prominent Crypto Investors
TAC is developing an Ethereum Virtual Machine (EVM)-compatible blockchain designed to bring Ethereum applications into the TON and Telegram ecosystem.
The project has raised roughly $11.5 million from prominent crypto investors, including TON Ventures, Hack VC, Animoca Ventures, Symbolic Capital, Primitive, and Spartan Group.
Despite the dramatic price collapse, neither the TAC team nor Binance had announced a confirmed cause at publication. There is also no evidence that the move resulted from a hack or network exploit.
Unconfirmed Speculation Points to Liquidity and Wallet Concentration
Market observers have pointed to several possible factors behind the collapse, including thin order-book liquidity, large holder selling, and cascading liquidations.
Unverified on-chain discussions have also questioned whether a small number of wallet clusters control a significant share of circulating supply. However, these claims remain unconfirmed and should not be treated as established fact.
May 2026 Bridge Exploit Resulted in $2.8 Million Loss
The selloff follows TAC's May 2026 cross-chain bridge exploit, which resulted in approximately $2.8 million in losses before affected users were later compensated.
Although unrelated to the July 7 price action, the earlier incident may have contributed to fragile market sentiment.
Investors are now watching for an official statement from the TAC team, exchange updates, and on-chain data that could explain the sudden collapse.
FAQ
What happened to TAC token on July 7?
TAC suffered a flash crash on July 7, dropping more than 90% in approximately 15 minutes from around $0.06 to nearly $0.004. No confirmed cause has been announced by the TAC team or Binance.
How much funding has TAC raised?
TAC has raised roughly $11.5 million from prominent crypto investors, including TON Ventures, Hack VC, Animoca Ventures, Symbolic Capital, Primitive, and Spartan Group.
Did TAC experience a security breach in the past?
In May 2026, TAC's cross-chain bridge exploit resulted in approximately $2.8 million in losses. Affected users were later compensated. There is no evidence that the July 7 crash resulted from a hack or network exploit.
