Arc Mainnet Launch Day Sparks Token Correction...LONG Down Over 70% From Peak

Arc tokens experienced a widespread adjustment on the first day of the Arc Mainnet launch, with LONG falling more than 70% from its all-time high. The Arc official blog announced the public mainnet release on September 16. Arc is a layer-1 blockchain that uses USDC as its fee payment asset. BlockBeats reported market data from September 16 showing significant corrections across major tokens in the Arc ecosystem, with LONG's decline exceeding 70%.