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
ETH Breaks Through 2050 USDT
Gate News bot message, Gate market display, ETH breaks through 2050 USDT, now priced at 2050.09 USDT.
CryptoRadar9m ago
BTC Breaks Through 68,000 USDT
Gate News bot message, Gate Market Display, BTC Breaks 68000 USDT, current price 68006 USDT.
CryptoRadar13m ago
Market Report: Top 5 Cryptocurrency Gainers on March 1, 2026, led by Hyperliquid
GateNews15m ago
ETH Breaks Through 2000 USDT
Gate News bot message, Gate market display, ETH breaks through 2000 USDT, now priced at 2000.01 USDT.
CryptoRadar26m ago
Trump: Iran's Supreme Leader "Khamenei has died" - Tehran statement is thought-provoking; Bitcoin breaks $67,000, gold and silver rise
The United States and Israel jointly launched a large-scale airstrike operation against Iran codenamed "Operation Epic Fury." President Trump earlier claimed that Iran's Supreme Leader Khamenei had been assassinated, but the official Iranian statement is intriguing.
(Background recap: Trump's State of the Union Address - 16 Major Topics: Border Security and Immigration, Economy and Tariffs, Healthcare Reform, Iran Nuclear Program...)
(Additional context: Trump plans to completely block Anthropic! Refuses to modify Claude's "murder restrictions," and unexpectedly receives support from OpenAI.)
The United States and Israel launched a large-scale airstrike operation against Iran codenamed "Operation Epic Fury." The targets are to destroy Iran's nuclear facilities and missile programs, paralyze its navy, and most controversially: eliminate its leader.
Early this morning (1), two Israeli security officials...
動區BlockTempo26m ago
Bitcoin's February 2026 return rate is -14.94%, marking the third-lowest monthly return record since 2013.
Bitcoin and Ethereum's returns in February 2026 were -14.94% and -19.81%, respectively, marking recent lows, both well below the historical average and median.
GateNews55m ago
