Roller-coaster ride! How a token turned Rs 1,000 into Rs 28.54 crore and then lost 90%
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economictimes.indiatimes.comShiba Inu, Kokoswap, Ethereum Meta are a few examples of tokens with wild swings, but their rallies were merely limited to thousands of per cent. ARC Governance (ARCX), however, gained millions of percentage, and that too in just a few minutes.
The token has soared an eye-popping 28,54,000 per cent in the last 24 hours. The price of this token has hit $991.71 from merely $0.35 in 24 hours, according to the data from Coinmarketcap.com.
Based on this calculation, the currency would have turned an investment of Rs 1,000 into a mind-boggling Rs 28.54 crore in this period. However, the token lost more than 90 per cent of its value to trade at $928.18 at 12.45 pm IST.
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