Arc chain's LONG market cap briefly surpassed $17 million, hitting a new all-time high

According to GMGN data, the market cap of LONG on the Arc chain briefly surpassed $17 million, reaching a new all-time high, before falling back to $15.67 million, with a 24H gain of over 463%.

Well-known trader Bonk Guy previously sparked controversy by shilling LONG, with community users raising concerns about security issues such as the protocol token's high concentration.

Related reading: "Arc Mainnet Launches Tomorrow — Which Token Launchpads Are Worth Watching in Advance?"