The most absurd story in crypto this year.

The moment an Indian appeared on camera = meme coins were completely dead!
This L1 blockchain, backed by institutions including Circle, BlackRock, and Goldman Sachs, touted as Wall Street-backed and focused on being stablecoin-native, did not fall to a technical exploit or lose to a market downturn—it triggered an outright ecosystem collapse because its founder appeared on a livestream.
The most impressive thing about ARC @arc is that it successfully proved you don’t need hackers, a bear market, or even a technical vulnerability—just one livestream by the founder is enough to pull off a decentralized collapse.
The Wall Street halo turned out to be just a signboard, the stablecoin L1 was merely a facade, and the meme launchpad was its actual core business.
The blockchain didn’t collapse; its believers did.
The chain is still producing blocks, while the groups are already holding a funeral.
Institutional backing is just the packaging, memes are the bit of air inside the box, and when you open it, there’s nothing there.
I used to think DYOR meant researching the project. Now it seems DYOR means researching when the founder will livestream.