Arc memecoin ARCAT tops $5 million market cap, then drops 40%
- —ARCAT's market cap topped $5 million, then fell to $3.5 million
- —ARCAT gained 1288% in 24 hours on $1.6 million in volume
- —Circle's Arc public mainnet launched on September 16
- —Gas on the Arc network is paid in USDC
Why it matters: It highlights the extreme volatility of memecoins on the new Arc mainnet amid thin liquidity and the network's early stage.
Source: TokenPost