TAC Token Crashes 90% in 15 Minutes After Binance Alpha Debut

TAC Protocol's token debuted on Binance Alpha at 10:00 UTC on July 15. Within 15 minutes, the price had fallen more than 90%, to roughly $0.0063. The crash came from a wave of selling by airdrop recipients.

Eligible Alpha holders received 1,875 TAC tokens each. The distribution was free, giving recipients a zero cost basis. With no downside to selling, many dumped tokens immediately into an order book that had little buy-side depth.

TAC raised $11.5 million from Hack VC and TON Ventures, with Animoca Brands also participating. Those private investors bought tokens at prices far below the listing price. Even after a 90% decline, some early backers may still be profitable depending on their entry terms.

TAC is an EVM-compatible Layer 1 blockchain built on Cosmos SDK. Its core product is a TON Adapter, a cross-ecosystem messaging layer that lets Ethereum applications run inside Telegram. The goal is to reach Telegram's 900-million-plus user base through Mini Apps.

Trading volumes exceeded millions of dollars in the first 24 hours as the price swung wildly. Additional exchange listings followed on HTX. The token continued to trade near the lows after the initial crash.