Arc chain Meme coin ARCAT briefly surpassed $5 million in market cap before pulling back 40%.

BlockBeats news, September 16, according to GMGN data, the market cap of the Arc chain Meme coin ARCAT briefly surpassed $5 million, with a 24-hour increase of 1288%, and a trading volume of $1.6 million during the same period. Afterwards, the token experienced a significant pullback, dropping about 40% from its peak, and its market cap is now reported at $3.5 million.

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