Odaily Planet Daily reports that according to Lookonchain monitoring, a whale (0x5F64) deposited 8.39 million USDC into Lighter to go long on ARC, establishing a 210 million ARC (worth $20.45 million) long position, pushing the price up to $0.15, in an attempt to attack the Lighter protocol by going long on ARC tokens. Subsequently, the ARC price dropped, the long position was liquidated, and the whale withdrew the remaining 3.06 million USDC from Lighter, losing $5.3 million. Another whale, who bought 16.2 million ARC (worth $573,000) two months ago and used a DCA strategy to sell 9.8 million ARC (at $0.115 per token, $1.13 million), still holds 6.4 million ARC (worth $303,000), with a profit of $861,000.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Slips Below $70,000 as Fed Rate Pause and Oil Surge Pressure Markets
Bitcoin declined to $70,000 due to steady interest rates from the Federal Reserve and rising energy prices, leading to $600 million in liquidations and increased market volatility, particularly affecting altcoins.
CryptoBreaking9m ago
XRP Climbs 3% Past $1.47 as Breakout Extends on Bitcoin-Led Rally
Key Takeaways
XRP broke above $1.426 resistance after months of consolidation, jumping to $1.47 on surging volume
Trading volume spiked over 250% during the move, indicating strong participation in the breakout
Activity on the XRP Ledger continues climbing, with tokenized real-world assets
CryptoBreaking14m ago
TradFi Fall Alert: XAGUSD (Silver) Falls Over 4%
Gate News: According to the latest Gate TradFi data, XAGUSD (Silver) has dropped by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.
GateNews49m ago
BTC down 0.65% in 15 minutes: Large spot selling orders dominate short-term pullback, panic sentiment intensifies volatility amplification
2026-03-20 13:45 to 2026-03-20 14:00 (UTC), BTC declined 0.65% within 15 minutes, with price range fluctuating between 69795.3 to 70399.4 USDT, reaching an amplitude of 0.86%. Market volatility intensified in the short term, trading activity increased, and investor attention rose.
The main driver of this price movement was concentrated large-scale active selling in the spot market. During this period, major trading platforms saw multiple large sell orders exceeding 100 BTC each, with sell orders accounting for 52% of volume, directly driving prices downward.
GateNews1h ago
BTC falls below 70000 USDT, intraday decline of 0.09%
Gate News, on March 20th, according to market data, Bitcoin broke below the 70,000 USDT level, currently trading at 69,991.06 USDT, with a daily decline of 0.09%.
GateNews1h ago
