Memecoins on Circle's Arc network fall 40–75% after mainnet presentation
- —Memecoins and Arc ecosystem tokens lost 40–75% within 12 hours after the stream
- —Arc mainnet launched on September 16, with 100+ institutions and developers participating on day one
- —Some investors sold assets due to negative perception of the team's presentation
- —The drop affected ecosystem tokens, not the network itself or Circle's plans
Why it matters: It shows how reputational signals and low memecoin liquidity can trigger sharp sell-offs in new ecosystems.
Source: TokenPost