How Circle’s institutional Arc blockchain got taken over by memecoins on day one

Crypto Insight Summary: Circle blockchain Arc's first day was dominated by memecoins, and the traders behind them had already moved on by Thursday morning. Crypto Insight Analysis: Direction: Bearish ARCX Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Memecoin activity on Arc blockchain shows lack of institutional adoption, hurting credibility.