An Altcoin Just Experienced a Sudden 90 Percent Drop – It Had Received Investment from Major Institutions
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% o
A
AnonymousCryptoCompass newsroom
July 7, 2026
2 min read
NEWS
CryptoCompass editorial visual for markets coverage.
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.
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.
The decentralized derivatives exchange has reclaimed a milestone last seen before a major market selloff. Open interest on Hyperliquid, the decentralized perpetual futures exchange, has climb
More than half of the newest applications to start a brand-new U.S. bank now involve digital assets. Of the 40 recent OCC de novo bank-charter applications, 23 involve digital-asset firms, a
Open interest in the derivatives market for HYPE, a prominent cryptocurrency token, has surged above $13 billion for the first time since October, marking a significant milestone for the Hype