Arc Network Traders Dump Tokens Over Indian Origin of Circle Partner
- —TOLLY lost about 68%, ARGUS about 50% in a day
- —Launchpads accounted for 82% of $410.8 million in DEX volume on Arc's first day
- —Pal heads XyloNet, which Circle introduced as a partner in June
- —The ARC token is not yet in circulation
Why it matters: The sell-off on Arc showed that the network's memecoin tokens are vulnerable to rumors and bias rather than fundamentals.
Source: BeInCrypto IT