Whale 0x5F64 tried to attack #Lighter by going long $ARC, but failed.
He was liquidated and lost $5.3M.
0x5F64 deposited 8.39M
$USDC into #Lighter to long $ARC.
He built a massive 210M $ARC($20.45M) long position and pushed the price up to $0.15.
A whale who bought 16.2M
$ARC for $573K two months ago sold into the pump using DCA, selling 9.8M
$ARC at $0.115 for $1.13M.
He still holds 6.4M $ARC($303K), locking in a $861K profit.
After that,
$ARC crashed.
The 210M
$ARC long was liquidated.
0x5F64 withdrew the remaining 3.06M
$USDC from #Lighter, ending the failed attack with a $5.3M loss.