TAC Token Takes a 90% Skydive Without a Parachute, Parachute Maker, or Apology Note 🪂

TAC, a token listed on Binance Alpha, dropped more than 90% in roughly 15 minutes on July 7, falling from around $0.06 to nearly $0.004 before stabilizing near the lows of the day. The move came just one week after TAC reached an all-time high of approximately $0.067 and triggered a sharp surge in trading volume as panic selling accelerated.

Neither the TAC team nor Binance had announced a confirmed cause for the price collapse at publication, and there is no evidence the move resulted from a hack or network exploit. Market observers have pointed to several possible factors, 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 hold a significant share of circulating supply, with one post claiming the two largest clusters account for nearly 47% of the total supply. These claims remain unconfirmed.

TAC is developing an Ethereum Virtual Machine-compatible blockchain intended to bring Ethereum applications into the TON and Telegram ecosystem. The project has raised roughly $11.5 million from investors including TON Ventures, Hack VC, Animoca Ventures, Symbolic Capital, Primitive, and Spartan Group, including a $6.5 million seed round led by Hack VC and Symbiotic Capital in 2024.

The July 7 selloff follows TAC's May 2026 cross-chain bridge exploit, which resulted in approximately $2.8 million in losses before affected users were compensated. "We are currently investigating a security incident affecting the TAC bridge with TON," TAC said on May 12, 2026, noting that "the bridge has been paused as soon as we received reports from our security partners" and that "the issue appears isolated to native TON Jettons bridged from TON (excluding $TON). $TON and every other" assets were unaffected.

Although the May exploit is unrelated to the July price action, the earlier incident may have contributed to fragile market sentiment around the token. The token later stabilized near the day's lows, remaining down more than 90% from prices earlier on July 7, and investors are watching for any official statement from the TAC team, exchange updates, and additional on-chain data to explain the sudden collapse.