The Scale of the Collapse

The TAC token experienced one of the sharpest price drops seen in recent months. Trading around $0.06 earlier in the day, the price fell to approximately $0.004 to $0.006 within a short window. Trading volume spiked as the move unfolded, with the token stabilizing near its session lows while remaining down more than 90% from intraday highs.

This event took place shortly after TAC reached an all-time high near $0.067, underscoring the volatility common in newly listed assets on platforms like Binance Alpha.

Project Background and Backing

TAC Protocol operates as an EVM-compatible Layer 1 blockchain aimed at connecting Ethereum applications with the TON and Telegram ecosystems. The project launched its mainnet and token in 2025, featuring integrations with DeFi protocols and liquidity initiatives.

Investors in the project include TON Ventures, Hack VC, Animoca Ventures, Symbolic Capital, and Spartan Group. Reports indicate the team raised around $11.5 million in funding rounds, with a notable seed round led by Hack VC and others in 2024.

Prior Bridge Incident

In May 2026, approximately two months before the price drop, TAC faced a bridge exploit on the TON side that drained about $2.8 million. The team described the event as involving a white-hat actor. Most funds were returned after negotiations, with the party keeping a portion as a bounty. The bridge was later restored following security reviews.

While unrelated to the July price movement, the earlier event contributed to existing concerns around the project's security track record.

Possible Factors Behind the Crash

Market participants pointed to several elements that likely played a role. Newly listed tokens often face thin order books, making them vulnerable to large sell orders. Reports noted aggressive selling from early recipients, including those from airdrops, which triggered stop-losses and liquidations in leveraged positions.

On-chain discussions highlighted potential concentration, with claims that a small number of connected wallets held a substantial portion of the supply. One post referenced two large clusters accounting for nearly 47% of total supply, though such details require further verification.

Another community reaction captured broader frustration:

Market Context and Exchange Listing

TAC appeared on Binance Alpha for spot trading and Binance Futures for perpetual contracts with leverage. The dual listing provided early visibility but also exposed the token to rapid sentiment shifts in a high-leverage environment.

At the time of the drop, no immediate statements had come from the TAC team or Binance regarding the cause. Traders monitored on-chain data and official channels for updates.

The incident brings attention to challenges in liquidity management and token distribution for projects in the TON ecosystem seeking broader adoption.