Bonk Guy: Arc chain's first-day performance was disappointing, has shifted to the severely oversold BNB ecosystem.

BlockBeats news, September 17: Bonk Guy posted that he has sold his LONG token position on the Arc chain and shifted to the severely oversold BNB ecosystem. Bonk Guy stated that the "first-day performance on the Arc chain was disappointing, and it's hard to see reasons for a subsequent bull market." Bonk Guy pointed out that recent CEX listings have become increasingly tribal, for example, Binance only lists BNB coins, Robinhood only lists RH coins, Coinbase only lists Base coins, etc. Circle/Arc has no comparable distribution channels, "so where is the liquidity, and where are the expectations for it?"

Bonk Guy added that this is not an overall bearish view on the Arc chain. Some stablecoin experiments, DeFi, etc., appearing on the Arc chain would be interesting, but he is not optimistic about the performance of meme coins on this chain.