Project TAC, Listed on Binance Alpha and with a Perpetual Contract, Plunges 80% in One Hour

CoinFeed reported on July 8 that Binance Alpha data shows TAC Protocol (TAC) has plummeted about 80% in the past hour, currently trading at $0.006. TAC opened trading on Binance Alpha on July 8, 2025, and simultaneously launched the TACUSDT perpetual contract. TAC is a blockchain connecting EVM decentralized applications with the TON and Telegram ecosystem, aiming to allow Ethereum applications to seamlessly access the TON network. As of now, the official has not yet explained the specific reason for this significant price fluctuation.