The market value of the Arc chain token LONG has surpassed $17 million, reaching a new high, with a 24-hour increase of 360%.

BlockBeats news, September 16, according to GMGN data, the market cap of LONG, the token of the long issuance platform on the Arc chain, surpassed $17 million, hitting a new high, with a 24-hour increase of 360%. During the same period, the trading volume was $2.4 million, and the market cap is now reported at $14 million.

Note: Previously, well-known trader Bonk Guy was embroiled in controversy for shilling LONG, with multiple community users questioning that the protocol has several major security risks, including high token concentration.

BlockBeats reminds users that the Arc mainnet has just launched, early speculation risks are relatively high, most tokens have low trading volumes, liquidity is too low, and price fluctuations are large, so investment requires caution.