On the first day of Arc mainnet launch, popular tokens collectively retraced, with LONG dropping over 70% from its peak.

BlockBeats news, September 16, according to GMGN monitoring, popular tokens on the first day of Arc mainnet launch generally pulled back after spiking, with the current market conditions as follows:

ARGUS: ArgusPad platform token, market cap fell from a peak of about $38 million to $24.24 million, a pullback of about 36% from the high;

LONG: Long.supply platform token, market cap fell from a peak of about $17 million to $4.69 million, a pullback of about 72% from the high;

TOLLY: Tolly platform token, market cap fell from a peak of about $25 million to $9.36 million, a pullback of about 63% from the high;

COOL (usdc is cool): Arc early community meme coin, market cap fell from a peak of about $7.9 million to $5.4 million, a pullback of about 32% from the high.

BlockBeats reminds users that Arc mainnet has been live for a short time, early token liquidity and holding concentration are subject to significant uncertainty, price volatility is high, and investment requires caution.