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.
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