TAC token plunges over 90% in 15 minutes amid thin liquidity, airdrop dumping and liquidations
first published 2026-07-07T19:45:32Z
TAC (TON Application Chain) fell from about $0.06 to $0.0046 in 15 minutes. The move was linked to thin liquidity, heavy selling by early airdrop recipients, and cascading stop-loss and leveraged liquidations, not a hack. Sentiment was already weak after a May 12 exploit drained $2.8 million from the protocol’s bridging layer, though most funds were reportedly recovered.
AI Analysis
The article reports a rapid, severe price collapse caused by thin liquidity, dumping, and liquidations, plus prior exploit concerns; these are directly negative and highly relevant to short-term trading.
Expected Investor Sentiment: Very Bearish
Potential Market Impact: Significant
