#Arc生态热门代币波动加剧

Arc has been live for barely a day… and the trenches are already getting violent.

This is exactly what happens when a brand-new chain meets fresh liquidity, meme culture and traders hunting for the next early move.

Circle’s Arc mainnet went live on September 16 with more than 100 applications and more than 100 institutional and ecosystem builders. Arc is built around USDC-native gas, sub-second finality and financial use cases including payments, trading, lending, FX and tokenized assets.

But traders aren't waiting for the ecosystem to mature.

They are already fighting over the first wave of tokens.

Gate initially brought ARGUS, TOLLY, LONG, Architects, COOL, ARCAT, PI, BOZO and other assets into Trenches on Arc, with the official contracts identified as Arc assets.

And the numbers show just how crazy early-stage price discovery can be.

ARGUS is currently around $0.03046, with a latest reported 24h high of $0.03109 and low of $0.02744. Its reported 24h volume is around $2.05M, while CoinMarketCap shows roughly $30.46M FDV and 1 billion total supply.

That volume is massive relative to how young the token is.

And this is where I start paying attention.

LONG was reported at roughly $7.76M market cap with only about $324K liquidity during the first wave.

COOL was around $6M market cap with roughly $360K liquidity.

TOLLY was around $5.25M market cap with approximately $275K liquidity.

ARGUS was reported with around $540K in liquidity at the same early stage.

Look at those numbers carefully.

A token can have a multi-million-dollar valuation while having only a few hundred thousand dollars of visible liquidity.

That is exactly why these charts can move like rockets on the way up — and like elevators on the way down.

Gate's own derivatives data also showed the volatility immediately: in its initial report, ARGUS, TOLLY and COOL were moving sharply, and Gate subsequently launched perpetual contracts for all three with 1x–10x long/short trading, bots and copy trading.

So now Arc has two completely different games happening at the same time.

Spot traders are hunting the first ecosystem gems.

Perp traders are trying to trade the volatility.

And honestly, this is where I would slow down instead of speeding up.

The fact that something is on a new chain does NOT make it a good buy.

The first candle can be completely driven by liquidity conditions, attention and positioning.

For me, the real question is not:

“Which Arc token pumped the most?”

It is:

“Which Arc project still has buyers after the first hype cycle cools down?”

That is a much harder question.

ARGUS is interesting because it is tied to the ArgusPad launchpad/trading-terminal ecosystem. LONG is another early Arc token attracting significant attention. COOL is a community meme built around USDC, while TOLLY is positioned as an Arc trading terminal, launchpad and on-chain intelligence platform.

But I would still check liquidity, holder concentration, contract activity, volume quality and whether users are actually sticking around before putting serious size into any of them.

And there is another reason I am watching Gate's Trenches closely.

Arc trading on Gate's Gold-Digging Dog currently has a limited-time 0-Gas setup, while Gate's launch campaign also offers a total 60,000 USDT reward pool tied to Arc trading activity during the stated campaign period. Gate says the Arc trading fee is temporarily reduced to 0.5% on the relevant Trenches activity.

That makes the first few days even more interesting because traders have an easier route into the ecosystem without separately worrying about Arc gas during the promotional period.

But remember what 0 Gas does not remove:

It doesn't remove slippage.

It doesn't remove liquidity risk.

It doesn't remove smart-contract risk.

It doesn't stop a token from dropping 50%.

That is the part people forget when a new chain starts trending.

So my Arc watchlist right now is not about blindly chasing whatever is green.

I am watching ARGUS, LONG, COOL and TOLLY and asking the same question for each:

After the first wave of hype, who is still buying?

If liquidity keeps growing, volume remains healthy and the projects continue attracting real users, then the Arc ecosystem becomes much more interesting.

If liquidity disappears and the volume was mostly launch-day speculation, the chart will expose that very quickly.

Day one is for discovery.

Day two is for watching the reaction.

The next few days are where the real signal starts appearing.

I would rather enter late with confirmation than become someone's exit liquidity on the first green candle.

Arc is officially live.

The trenches are already moving.

Now let's see which projects can survive the first bullet storm. 😂

Which one are you watching — ARGUS, LONG, COOL, TOLLY, or something completely different on Arc?