TAC plunged more than 90% within minutes after its Binance Alpha listing. Heavy airdrop selling and thin liquidity likely accelerated the sharp decline. No hack or protocol failure has been c
TAC Price Crash shocked the crypto market after the token plunged more than 90% within roughly 15 minutes of its Binance Alpha listing on July 15. TAC, an EVM-compatible Layer 1 blockchain connecting Ethereum applications with Telegram’s TON ecosystem, quickly fell from around $0.06 to nearly $0.004. The TAC Price Crash unfolded without any confirmed hack or protocol failure, leaving traders searching for answers.
Eligible Binance Alpha users received an airdrop of 1,875 TAC tokens, creating immediate selling pressure as recipients rushed to realize profits.
The TAC Price Crash appears to reflect a combination of aggressive airdrop selling and limited market liquidity. Because recipients acquired tokens at no cost, many sold immediately after trading opened. The sudden wave of sell orders overwhelmed the order book, triggering a sharp decline.
$TAC On-Chain UpdateMultiple connected wallet clusters control a significant share of the supply.The two largest clusters alone account for nearly 47% of the total supply. pic.twitter.com/AHGqwgo1dr
— Block Hunter (@BlockHunterX) July 7, 2026
Trading volume reached millions of dollars during the first 24 hours as volatility remained elevated. Market observers also pointed to possible large-holder selling and cascading liquidations. Claims about concentrated wallet ownership circulated online, but these remain unverified and have not been confirmed by the project or Binance.
Before launch, TAC raised approximately $11.5 million from investors including Hack VC, TON Ventures, Animoca Brands, Primitive Ventures, Symbolic Capital, and Spartan Group. The project aims to enable Ethereum decentralized applications to operate within Telegram through its TON Adapter built on Cosmos SDK infrastructure.
Neither TAC nor Binance has issued an official explanation for the TAC Price Crash. Although TAC experienced a $2.8 million cross-chain bridge exploit in May 2026, that incident has not been linked to the latest market decline. The episode has renewed concerns about liquidity management and price stability during newly launched token listings.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.<p>The post TAC Price Crash Wipes 90% After Binance Alpha Listing Debut first appeared on Coin Crypto Newz.</p>
