Arc-based meme coin LONG hits new high with market cap exceeding $10 million

According to GMGN data, the Arc-based meme coin LONG has reached a new all-time high with a market cap surpassing $10 million, currently trading at $9.97 million with a 24-hour gain of 251.8%. The token previously sparked controversy after trader Bonk Guy promoted it, leading community members to raise concerns regarding token concentration and security. Investors are advised to exercise caution due to the high volatility of meme coins.