A 90% drop in 15 minutes, this liquidity management is like paper, someone should have warned long ago.

Coin Jie Network news reports that the TAC (TON Application Chain) token has plummeted more than 90% within just 15 minutes today, with its price dropping from about $0.06 to $0.0046. Market analysts attribute the incident to selling pressure from early holders combined with insufficient liquidity. Although the TAC team has not yet commented on the event, market sentiment has already been affected by a security breach on May 12, which resulted in $2.8 million being stolen. This crash has sparked concerns within the crypto community about liquidity management. Analysts note that tokens with poor liquidity are prone to severe price volatility when faced with large sell orders.