ARC experienced a "flash crash" last night and this morning, with a whale address starting to continuously sell off yesterday.
BlockBeats News, February 26th, according to GMGN market data, the ARC token experienced a "haircut" in its price last night and this morning, with its market capitalization falling from $131 million to $56.65 million, a 44.89% decline over 24 hours.
Furthermore, according to onchainschool.pro monitoring, a whale address that received $1.7 million worth of ARC tokens started continuous selling yesterday and has sold its entire position as of the time of writing.
In addition, the ARC contract saw $3.4924 million in liquidations within 12 hours, with long positions liquidated totaling $3.0054 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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