Token

TAC Protocol

<p>The TAC (TON Application Chain) Protocol has just suffered a crash of more than 90% in just 15 minutes. At press time, the token was trading at $0.0046 after tumbling from $0.06.</p>
<figure class="wp-block-image size-full"><img width="622" height="478" src="https://image.coinpedia.org/wp-content/uploads/2026/07/08010649/TAC1.webp" alt="Chart of TAC token plummeting 90% ">
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<p>Source: <a href="https://coinmarketcap.com/currencies/tac-protocol/" rel="noopener noreferrer nofollow">TradingView</a></p>
<p>Launched about a year ago, the TAC protocol is an EVM-compatible Layer 1 blockchain that <a href="https://coinpedia.org/news/telegram-wallet-launches-defi-vaults-with-up-to-18-apy-on-btc-eth-and-usdt/" rel="noopener noreferrer nofollow">bridges</a> Ethereum DeFi to the Telegram messenger and TON (The Open Network) ecosystem. Its backers include TON Ventures, Hack VC, Animoca Ventures, Symbolic Capital, and Spartan Group. The token was also listed on Binance Alpha, which supports spot trading, and on Binance Futures as a TAC/USDT perpetual contract with 50x leverage.</p>
<h2 id="h-the-90-tac-token-flash-crash-explained" class="wp-block-heading">The 90% TAC token flash crash explained</h2>
<p>As for today’s freefall, market analysts attribute it to a sudden collapse in market mechanics rather than a security breach.</p>
<p>Since TAC is a relatively newly listed token, its trading pairs have suffered from shallow order-book liquidity. This meant that even a few large sell orders could trigger massive price swings.&nbsp;</p>
<p>As shown by DEX Screener, several early airdrop recipients aggressively dumped the token into the market today. This prompted automatic stop-losses and liquidated leveraged long positions, further fueling the downward spiral.</p>
<figure class="wp-block-image size-full"><img width="829" height="418" src="https://image.coinpedia.org/wp-content/uploads/2026/07/08010725/TAC.webp" alt="Early whale sell pressure driving TAC token crash">
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<p>Source: <a href="https://dexscreener.com/ethereum/0x65c580c600640aa03e066594b8ec929a7694b8e1fa1ac0a9e7d7539d00429126" rel="noopener noreferrer nofollow">DEX Screener</a></p>
<p>However, even as today’s sell-off occurred, the TAC community already had fragile sentiment following the May 12 exploit that drained $2.8 million from the TON-Ethereum bridging layer of the TAC Protocol.&nbsp;</p>
<p>At the time, the amount of funds was significant, as it was roughly equal to its entire Total Value Locked (TVL). While the TAC team managed to recover 90% of the funds through negotiations with the hacker, the incident left a lasting dent in investor confidence in the project’s security framework.</p>
<h2 class="wp-block-heading" id="tac-team-and-crypto-community-statements">TAC team and crypto community statements</h2>
<p>At press time, the TAC Protocol had not yet commented on the event. Crypto Twitter, meanwhile, flagged the event as the reason for the slow retail adoption of cryptocurrencies.&nbsp;</p>
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  <blockquote class="twitter-tweet">
   <p>This is really fcked up.<br><br>Every day or two, a coin randomly crashes 90%, and there's no accountability from exchanges or the project.<br><br>And then we wonder why retail isn't coming to crypto. <a href="https://t.co/RWLV3IfFrP" rel="noopener noreferrer nofollow">pic.twitter.com/RWLV3IfFrP</a></p>— Max Crypto (@MaxCrypto) <a href="https://x.com/MaxCrypto/status/2074528600192340460?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 7, 2026</a>
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<p>Others drew lessons from it: respect liquidity on fresh listings, and airdrops can kill charts in the short term.</p>

Telegram-linked TAC Token Plummets 90% in 15 Minutes: What Happened?

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