A whale attempted to go long on ARC and attack the Lighter protocol but failed, losing $5.3 million.

SmartContractAuditor · 2026-02-26T02:40:52+00:00

A whale deposited 8.39 million USDC into Lighter to go long on ARC. After establishing a position of 210 million tokens, the ARC price increased but was subsequently liquidated, resulting in a loss of 5.3 million. Another whale profited through a DCA strategy, selling 9.8 million ARC tokens and still holding 6.4 million.

SmartContractAuditor

2026-02-26 02:40:52

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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, sold 9.8 million ARC (at $0.115 per token, $1.13 million) using a DCA strategy, holding the remaining 6.4 million ARC (worth $303,000), and made a profit of $861,000.

ARC-63.14%

USDC0.01%

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