Crypto NewsAltcoinAn Altcoin Just Experienced a Sudden 90 Percent Drop - It Had...

An Altcoin Just Experienced a Sudden 90 Percent Drop – It Had Received Investment from Major Institutions

An altcoin in the cryptocurrency market has made headlines with a sudden drop of nearly 90%. Here are the details.

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TAC Protocol (TAC), listed on Binance Alpha, attracted investor attention with a sharp decline in a short period of time. The project, backed by TON Ventures and Hack VC, lost more than 90% of its value in approximately 15 minutes, falling to levels as low as $0.0063.

TAC was first listed on Binance Alpha and Binance Futures in July 2025. The project aims to develop an EVM-compatible blockchain infrastructure for the TON and Telegram ecosystems.

TAC’s investors include TON Ventures, as well as well-known investment firms in the crypto sector such as Hack VC, Animoca Ventures, Symbolic Capital, and Spartan Group.

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While the reason for the sudden drop is still unclear, the sharp movement in TAC’s price has brought the risk of volatility, which can be seen in low-liquidity tokens listed on Binance Alpha, back to the forefront.

The TAC token, which has been quite volatile, experienced a sudden climb to its all-time high price just a week ago.

A chart showing the drop in TAC price.

*This is not investment advice.

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