The ARC chain’s Meme apparently got collectively slashed last night.
In a single livestream, some ecosystem coins directly dropped by 40%–75%.
But I think what truly needs to be reviewed isn’t which country the developers come from, but the most common mistake a new ecosystem is likely to make:
A main chain’s fundamentals don’t equal those of a shitcoin.
Behind Arc there are Circle, USDC, and a group of traditional financial institutions—this proves the chain has infrastructure and institutional resources;
But whether a Meme has value still depends on:
liquidity, holder/chip distribution, community consensus, developer execution ability, and whether someone is willing to take over.
The biggest lesson from last night is:
Don’t assume every dog on the chain is great just because the chain is awesome.
As for the airdrop—so far the official side still hasn’t provided any definite Token/airdrop rules. So we can’t say “the airdrop is gone,” and we also can’t assume it’s definitely coming just because the mainnet launched.
Arc can be observed further; the shitcoins will reshuffle again.
The first wave of bubble in a new chain gets popped—sometimes that’s actually when we truly start looking for real projects.
In a single livestream, some ecosystem coins directly dropped by 40%–75%.
But I think what truly needs to be reviewed isn’t which country the developers come from, but the most common mistake a new ecosystem is likely to make:
A main chain’s fundamentals don’t equal those of a shitcoin.
Behind Arc there are Circle, USDC, and a group of traditional financial institutions—this proves the chain has infrastructure and institutional resources;
But whether a Meme has value still depends on:
liquidity, holder/chip distribution, community consensus, developer execution ability, and whether someone is willing to take over.
The biggest lesson from last night is:
Don’t assume every dog on the chain is great just because the chain is awesome.
As for the airdrop—so far the official side still hasn’t provided any definite Token/airdrop rules. So we can’t say “the airdrop is gone,” and we also can’t assume it’s definitely coming just because the mainnet launched.
Arc can be observed further; the shitcoins will reshuffle again.
The first wave of bubble in a new chain gets popped—sometimes that’s actually when we truly start looking for real projects.