Hmm, if it is just the top part, and there was a frogspawn nearby, you may have found the culprit. I almost lost my bubble coral to a torch (same family). The bubble fell on top of the torch and, well, got the crap stung out of him. Frogspawns, hammers, and torches are in the same family. They can touch each other (generally) with no trouble, but their sting is very nasty to other corals. I would think, though, that you would see some of the flesh of the coral recede if it were in fact stung. When you say your alk is normal, what is it exactly? I can't remember the two scales, but one says it should be between 8 and 12 and the other uses like 4 to 5 (that's the one I use, I maintain 5).