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Summary:On the first day of Arc's main online line, coins like AGUS, TOLLY, LONG and others have been rising at a rapid rate, with ARGUS and TOLL's market values falling by millions. But in just one day, these tokens have suddenly cooled off. The reason is that there are many South Asian faces on Arc's main online line, causing concern about the Indian context project, which has led to the sale of Arc's ecoMeme currency.
Arc was crazy yesterday, and today is cold.
On 16 September 2026, Circe officially launched the Arc main network.Circle's Official BulletinOn the first day, over 100 applications and more than 100 institutions and eco-builders were involved, covering various areas such as banks, asset management agencies, payment networks, exchanges, trustees, DeFi agreements, wallets and AI platforms.
But it is not these traditional financial institutions that really excite the encryption market, but Meme and launch platforms on Arc.
Details are availableWhat are the projects in the ecology of Arc's main online line?
Currency currencies such as AGUS, TOLLY and LONG have become the focus of market attention: ARGUS at one time rose rapidly from the market value of less than $5 million to over $20 million, up to a maximum of $38 million and an increase of 877 per cent on a 24-hour basis; Tolly ' s highest market value was approximately $22.5 million, with a 24-hour increase of more than 700 per cent.
But today, the Arc eco-dimensions are beginning to fall off.
As at the time of the release, the ARGUS market value was only $18 million, which is $0.018 more than yesterday ' s brilliant battle; The market value of DUKE is $3 million, reporting $0.00304; The market value of Minara is $1.1 million, which is reported as $0.00116; The market value of UNDC is $2.7 million, which is reported at $0.00271; The market value of TOLLY is $5.7 million, which is reported at $0.00579; The market value of the PEG is $5.24 million, which is reported as $0.000524.

The reason for this collapse was the presence of several South Asian faces on the Arc main line, which triggered market concerns about the Indian Background Project and led to a wave of sales.
There are many users who have turned on the box mode, fearing that the project itself will not work and that “Arc shows Indians and so no play.” But there are also a number of users who have questioned this concern and have called for non-racial discrimination.
In fact, whatever attitude the concerned people may have, it is impossible to change the notion that “the presence of Indians on the air has led to a mad sale”, which has become a market narrative for the Arc community.
AB Kuai.Dong says:
Last night, when USDC went online with the public chain of the stability coin Circe, many people stormed at first to open the next Robinhood business. As a result, the launch, representatives of developers, and several Indian face developers, shocked everyone, triggering community stereotypes about the Rug team, while contrasting with the well-compliant Circle.
@mike_Miko writes:
It's a good story, 500 K went in yesterday, up to 15 x. I didn't expect the @arc team was Indian, though I wasn't prejudiced against them. But I can tell that the market doesn't like them...
The smart Gianni BNB says:
The ARC seems to have lasted only one day and ended?
Look at the ARGUS, 20 M, that's solid. The rest is on the soles of the feet.
Interestingly, many people say it was the Indian developers who made RUNs because of Arc's founders?
The CIRCLE has been taken by the Third?
Go back to Robinwood and the BSC!
There are also users who are not happy.
XinGPT says:
I've been live on Arc, and there's a lot of Indian dudedev on the line, but I see almost all of them are off-shore KOL. No one in the Chinese district actually went to the show, but they're transmitting the pictures, so I've seen Arc's live playback myself:
Arc's executives are all Indian brothers!
1. There are many Indians of Dev, because the CTO Nikhill in charge of Arc is of Indian origin itself, so it is easy to understand, and usually prefers to use his own people. Like Silicon Valley, many executives are Indian brothers who naturally hire more Indian IT development;
2. The older Gagan Mac, who is also of Indian origin, graduated from the Ramaia University of Applied Sciences in Bangalore and went to the United States for a master ' s degree, then worked at large factories such as Meta, where he had been in charge of the product for 22 years.
3. After graduating from Cornell University, Senior Product Manager Sanket Jain joined the Circe last year.
On another level, it is understandable that in CEO’s white financial infrastructure, if developed with Chinese older brothers, it would be easy to get challenge on national security issues; a stabilization currency is not like the AI-based Chinese old man who has taken over Reearch’s half-mile mountain. It is natural to use large factories with experience and mastery of top management in India.
It's too biased for you to say that India has a lot of friends, so the Circle technology is not working, but I don't think you can say it's very sophisticated and reliable. But being a chain is not what rocket science is, more important than technology, or ecological outreach and community cooperation, especially in To B, India's buddy American veins.
The famous Indian chain Polygon is still running Polymucket, so I think B's going to be the advantage of Circle, C's looking at Robinhod, which comes from Rh's product and operating genes.
The future may be the pattern of Circle To B, RH to C.

There are also users who argue that racial discrimination should be reflected.
Pyro says:
First of all, if my words sound gruesome, please excuse me. But I'm going to tell you what I really think. People accuse @arc simply because his developers are from South Asia. But perhaps one forgets how much South Asians have contributed around the world. People from Europe and America teach us how modern things work and how to treat people, but sometimes they themselves do not respect the same norms. It was also said that South Asians were liars. Indeed, there are many poor people in South Asia, some of whom have chosen to cheat. But why is it that no one talks about a big man like the Trond who damages the encryption money industry? If it was the same thing as "rug pull," people would have been in a lot of trouble if it had been made by South Asians. There are good people everywhere, and there are bad people. Some simply cannot accept this and are constantly judging others. History has also shown that those who are proud of themselves are not always the original homelands of their ancestors. That's just my heart.
P4 Provider noted that:
Enough. Say no to racial discrimination. You can criticize Arc and question its technical, token economy, execution methods, or any other aspect. But it is not an analysis, but a racial one, simply because the developers are of Indian/South Asian origin.
A total of 13 executives, some of whom do have Indian backgrounds, can be found on the Executive Introduction page of the Circle Network.

Nikhil is responsible for accelerating the advancement of product, technology and artificial intelligence agendas by developing easy-to-use and easy-to-use products for old and new clients. He has extensive experience in such companies as Meta, Google, YouTube and Microsoft, which are responsible for developing cutting-edge products and software that drive mobile devices, stream media video, artificial intelligence, and technological development in real life.
New Indian ExpressThe report clearly describes Nikhil Chandhok as Indian.

Mandeep is responsible for global compliance and risk management in Circle. He has served as a senior leader in financial services/finance technology companies such as PayPal, LendUp, State Street, which promotes global compliance and enterprise risk management. He has also served as Chief Compliance Officer/Enterprise Risk Manager in the digital wallet operation Novi under Facebook.
His name “Mandeep” and his surname “Walia” are typical of the Punjab region of India, as well as the traditional names of Sikhs. It should be noted, however, that official information currently available in the press does not indicate directly their Indian identity.

Gagan Mac graduated from the University of Applied Sciences (M.S. Ramaiah University of Appleed Science), Bangalore, India, and then went to the United States for further studies, obtaining a Master ' s degree at Bord, University of Colorado, and a MBA degree at Haas Business School, University of California Berkeley.
Before joining the Circle developer (e.g. Arc, USDC Developer Tool), he held key positions in product management at Meta (first manager of AR glasses, head of Ray-Ban Smart Glass Products), Uber and Twilio's Silicon Valley Mills and leading technology companies.

Sanket Jain graduated from Cornell University, the top American academic institution, as a core Indian member of the Centrale company responsible for product lines such as Arc, and was senior chief product manager with responsibility for building core products such as Arc. Prior to joining Circe, he had been co-founder and CEO of Gateway and had worked with financial institutions such as Houlihan Lokey in the analysis of the direction of corporate restructuring.

Panchu is one of Arc’s architects, and XyloNet’s creation. XyloNet is an eco-core infrastructure tailored for Arc Network. With Arc’s homeline officially on line, XyloNet is also the first project to synchronize access to the main network at its inception, providing USDC exchange and cross-chain mobility.

Ambuje Gupta works as a senior machine learning engineer at Circle, in Bangalore, India. His profile shows that he is mainly involved in the direction of AI systems, machine learning and Agent.

According to publicly available information, there are many Indian brothers in the Circe and Arc teams. It needs to be noted, however, that what the community calls “Arc is an Indian-created project” does not fully conform to the current publicly available project organizational structure. Although Sanket Jain is the head of Arc ' s core product and co-founder of Gateway, Arc is being developed by Circle, which is the central leader at the level of the Circle co-founder, chairman and CEO Jeremy Allaire.
It seems that India's brother was the trigger of panic in the Arc community, but is it true that the Arc ecological loss overnight was simply due to the presence of members of the team?
Currency currencies such as ARGUS, TOLLY and others have risen rapidly at the special time node of Arc's main online line. ARGUS and TOLLY have all developed the myth that millions of dollars in market value have been plunged to tens of millions of dollars in a short period of time.
In the Meme scenario, the faster the increase, the higher the reliance on new purchasers. When multiple catalysts, such as KOL's billing and trading lines, are implemented, early warehouse holders begin to reap profits, with prices naturally subject to sharp price fluctuations.
The decline in Arc tokens was also associated with a decrease in macro-risk preferences, and the withdrawal of Arc tokens occurred after the US Federal Reserve's interest rate hike.
The Fed announced today an increase of 25 basis points to raise federal funds interest rates to 3.75-4.00%, the first since July 2023. And 16 of the 18 officials who submitted economic forecasts are expected to do so at least once more before the end of 2026.
So, we can say that the Indian dude triggered Meme traders' feelings of sale, but it cannot be absolutely proved that India’s brother was at the heart of the collapse of Arc’s ecological token.
A live broadcast collapsed a piece of Memeco. The market then focused not on how many Indian brothers were in the Circle or Arc team, but rather on institutional access, Arc trade volumes, and whether Arc ecology could escape Meme speculation.
Declaration: This is a gold original, the copyright is a gold one and cannot be reproduced without authorization. A copy of this article must be downloaded from an agreed-upon medium with the indication "Source: Gold Book", for which the offender will be held liable under the law.
This information is not a financial investment proposal.
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