TREE NEWS update: Circle’s Arc, a stablecoin-focused EVM-compatible Layer 1, launched its mainnet at 9 a.m. today, with token launchpad coins and native memecoins drawing the most first-day trading interest. ArgusPad’s platform token ARGUS peaked at a $35 million market cap before falling to $23 million, Tolly’s TOLLY hit $25 million and eased to $15 million, and Long.supply’s LONG touched $17 million before sliding to $12 million. Memecoins COOL and ARCAT reached $7.9 million and $5 million respectively.
Circle’s Arc Mainnet Goes Live; Token Launchpad Coins Lead First-Day Trading
AI take
The first-day pattern is telling: activity concentrated in launchpad tokens and memecoins rather than stablecoin-native use cases, suggesting speculative capital, not utility demand, is testing the new chain. All cited tokens peaked and then faded, a common debut signature that leaves the durability of Arc's liquidity unproven. For the stablecoin sector, the real test is whether issuance and payment flows follow, not whether launchpad coins hold their opening valuations. Whether Arc's activity broadens beyond these instruments is the open question.
Generated by AI for reference only.
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