$ARC plan remains. What keeps my attention is the MCap to OI ratio around 0.8x. That kind of leverage density doesn't matter... until someone gets caught offsides. It explains the controlled PA and low beta to $BTC. If it expands, it's likely perp-fueled first, not spot-led.

ARC4,93%
BTC1,03%
PERP-3,37%
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