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TAC Token Plunges Over 90% in 15 Minutes After Binance Alpha Listing

Price Volatility

2026-07-08 07:13:28

TAC-88.08%

TAC, the native token of TAC Protocol, plunged over 90% in roughly 15 minutes after listing on Binance Alpha, falling to around $0.0063 from near $0.06 and wiping out most of its market value. The sharp sell-off was driven by heavy token selling shortly after the listing, with airdrop recipients dumping allocations into limited liquidity, while Binance Futures' simultaneous launch of TAC/USDT perpetual trading with up to 50x leverage amplified the volatility through forced liquidations. TAC Protocol is an EVM-compatible blockchain designed to connect Ethereum decentralized applications with the TON and Telegram ecosystem. The project raised $11.5 million in seed and strategic rounds from backers including TON Ventures, Hack VC, Animoca Ventures, Symbolic Capital and Spartan Group.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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