Binance Alpha Token TAC Wipes Out 90% in Sudden Collapse
The post Binance Alpha Token TAC Wipes Out 90% in Sudden Collapse appeared on BitcoinEthereumNews.com. Binance Alpha-listed TAC suffered one of the sharpest crypto flash crashes of the year after its token plunged more than 90% in roughly 15 minutes on July 7. While no security breach or protocol failure has been confirmed, the crash has renewed concerns about liquidity risks and token concentration among newly listed crypto assets. TAC Price Performance. Source: Binance TAC Suffers Violent Flash Crash TAC dropped from around $0.06 to nearly $0.004 within minutes, with trading volume surging as panic selling accelerated. The token later stabilized near its lows, remaining down more than 90% from prices seen earlier in the day. The move came just one week after TAC reached an all-time high of approximately $0.067, highlighting the extreme volatility that can accompany newly listed digital assets. Strong Backers, But No Official Explanation TAC is developing an Ethereum Virtual Machine (