Odaily Planet Daily reports that according to Lookonchain monitoring, a whale (0x5F64) deposited 8.39 million USDC into Lighter to go long on ARC, establishing a 210 million ARC (worth $20.45 million) long position, pushing the price up to $0.15, in an attempt to attack the Lighter protocol by going long on ARC tokens. Subsequently, the ARC price dropped, the long position was liquidated, and the whale withdrew the remaining 3.06 million USDC from Lighter, losing $5.3 million. Another whale, who bought 16.2 million ARC (worth $573,000) two months ago and used a DCA strategy to sell 9.8 million ARC (at $0.115 per token, $1.13 million), still holds 6.4 million ARC (worth $303,000), with a profit of $861,000.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
$0 in Dogecoin ETF Daily Net Inflow: Cause for Concern? - U.Today
Dogecoin ETFs have experienced zero daily net inflows since early February, struggling to gain traction amid a bearish market. Despite initial optimism, trading volumes fell short of expectations, and the Dogecoin price remains under pressure, oscillating between $0.08 and $0.12.
UToday3m ago
BTC Breaks Through 68,000 USDT
Gate News bot message, Gate market display, BTC breaks through 68,000 USDT, current price 68,016.4 USDT.
CryptoRadar10m ago
Breaking News》Trump will deliver a speech focusing on Iran at midnight tonight! Bitcoin responds by jumping above $67,000, Ethereum surges to $1980
President Trump will deliver a speech on Iran on March 2nd, expected to update on the progress of the US-Israel joint military operations and warn against Iranian influence. The speech has triggered market volatility, with Bitcoin and Ethereum prices rising.
動區BlockTempo11m ago
ETH Breaks Through 2000 USDT
Gate News bot message, Gate market display, ETH breaks through 2000 USDT, current price 2000.25 USDT.
CryptoRadar13m ago
Sanae Takashi Denies Connection! Japanese media NoBorder issues tokens, claiming inspiration from Audrey Tang's digital democracy mechanism
Japanese media organization NoBorder recently issued the SANAE Token on Solana, aiming to promote the "Japan is Back" project and explore updates to democratic systems. Sanae Takashi has explicitly stated she is unaware, sparking controversy and a sharp decline in the token price. NoBorder plans to facilitate discussions through citizen feedback collection and AI analysis, and introduce token incentives, but holding a higher proportion of operational shares has raised market concerns about risks.
ChainNewsAbmedia27m ago
BTC Breaks Through 67,000 USDT
Gate News bot message, Gate market display, BTC breaks through 67,000 USDT, current price 67,000.2 USDT.
CryptoRadar32m ago
