#Arc生态热门代币波动加剧

Arc’s first real market test has arrived — and it is not happening on the technology side. It is happening in liquidity.

The Arc mainnet launch created a huge wave of attention, but the first 24 hours also showed how quickly early ecosystem tokens can move when liquidity is still developing.

On September 17, ARGUS dropped more than 40% in 12 hours, while LONG fell over 70% and COOL lost more than 75%. BlockBeats also reported that several Arc ecosystem tokens were trading with relatively small volumes and shallow liquidity, which can make both pumps and sell-offs extremely aggressive.

For me, the important point is not simply that these tokens crashed.

It is why the market moved so violently.

Arc generated enormous speculative activity immediately after launch. According to on-chain data reported by BeInCrypto, meme-coin launchpads accounted for roughly 82% of Arc’s first-day DEX volume, out of about $410.8 million in total DEX volume. Arc also processed 7.76 million transactions on September 16.

That tells me the first wave of capital was heavily focused on discovering the next high-risk opportunity rather than patiently valuing the underlying infrastructure.

And that creates a very different market.

When liquidity is thin, a token can look unstoppable on the way up because relatively little capital is needed to push the price higher. But the same mechanism works in reverse. Once early buyers start taking profit, there may not be enough depth underneath the market to absorb the selling.

That is exactly why I would be careful with the phrase “buy the dip.”

A 70% drop does not automatically mean a token is cheap. It only tells us that the market has repriced it sharply.

The bigger question is whether real demand comes back after the initial speculation disappears.

That is what I will be watching across Arc over the next few days: liquidity depth, sustained trading activity, stablecoin flows, active users, DeFi usage and whether capital starts moving beyond meme launches into the financial applications Arc was actually designed to support.

Because Arc itself is much bigger than the tokens currently creating the most noise. Circle launched Arc as an open Layer-1 focused on financial markets and real-time value movement, with USDC as native gas, sub-second settlement and interoperability across 20+ blockchains. More than 100 applications and more than 100 institutional and ecosystem builders were live around launch.

So I see two separate stories developing.

The first is the speculative Arc economy: fast launches, meme liquidity, extreme volatility and traders searching for momentum.

The second is the infrastructure story: payments, stablecoins, DeFi, tokenized assets and institutional financial activity.

The market has already shown that it can generate attention.

Now it has to prove that the attention can turn into sustainable liquidity and real usage.

Personally, I would rather see a token build a stronger base after a major sell-off than chase it simply because the chart looks 70% cheaper. If liquidity returns with genuine activity, that is a much more interesting signal than one vertical green candle.

Arc is still extremely young. The first day showed how powerful the speculation can be.

The next phase will show whether the ecosystem can turn that speculation into something that lasts.

Would you buy after this kind of liquidity-driven crash, or stay on the sidelines until the market starts building a real base?

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