Finst

TAC Drops 90% After Sudden Flash Crash on Binance Alpha

The token on Binance Alpha slid from around $0.06 to nearly $0,004 in 15 minutes. There is no confirmation of a hack, and thin liquidity plus earlier bridge issues are keeping TAC under pressure.

By Luc Vesters
• 2 min read
TAC Drops 90% After Sudden Flash Crash on Binance Alpha

Key Takeaways

  • TAC fell on July 7 from around $0.06 to nearly $0,004 in about 15 minutes, wiping out more than 90%.
  • There is no confirmation of a hack or protocol failure; the cause of the flash crash is still unclear.
  • TAC is building an EVM-compatible blockchain for Ethereum, TON, and Telegram, after previously raising about $11.5 million.

TAC was hit by one of the year’s most severe flash crashes on July 7. The token, listed on Binance Alpha, fell from about $0.06 (€0,052) to almost $0,004 (€0,0035) in roughly 15 minutes, erasing more than 90% of its value. There is still no sign of a hack or protocol breakdown, but the move has once again highlighted how exposed newer crypto assets can be.

Sudden Drop on Thin Liquidity

As the sell-off accelerated, trading volume surged and panic selling pushed the price even lower. TAC later found some footing near its lows, but it was still trading more than 90% below its level from earlier in the day.

The crash came only a week after TAC set an all-time high near $0,067 (€0,059). That kind of swing is a reminder of how violent price action can be in newly launched tokens, especially when liquidity is thin and a relatively small number of buyers and sellers can move the market sharply.

Project With an EVM Focus

TAC is developing an Ethereum Virtual Machine-compatible blockchain designed to bridge Ethereum apps with the TON and Telegram ecosystem. Based on the available information, the project has raised about $11.5 million (€10.1 million) from investors including TON Ventures, Hack VC, Animoca Ventures, Symbolic Capital, Primitive, and Spartan Group.

That makes the sell-off even more striking, since TAC is trying to position itself as infrastructure with a specific role in the Ethereum and TON stack. Still, new token markets tend to react quickly to shifts in sentiment, especially when liquidity remains limited.

Earlier Incident Still Matters

The latest drop also comes after an earlier external attack on TAC’s cross-chain bridge in May 2026, when about $2.8 million (€2.4 million) was lost on the TON side of the bridge. That event is separate from the flash crash, but it may have weighed on sentiment around the project.

For European crypto watchers, the bigger lesson is that risks can stack up fast with newly launched tokens: thin liquidity, token concentration in a few wallets, and earlier infrastructure problems. Until TAC or Binance issues an official statement, the cause of the crash remains unknown, and the market will likely keep focusing on on-chain data and wallet activity.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.