Bonk Guy's Arc bet: LONG 27x, then the rug talk
Bonk Guy's Arc bet pushed LONG 27x. Then the community found the rug permissions.
Bonk Guy bought LONG and Arc’s top three memecoins, calling it a short-term degen experiment.[1] Odaily reports the LONG token briefly surged 27x after his post, despite Arc mainnet not being live.[2] Community users found the long.supply launchpad “has rug permissions at any time and can print fake USDT,” pointing at the project’s self-built cross-chain bridge.[3] KOL @ShawnThread called it “a platform with rug permissions at any time.”[4] Long said its stock tokens are backed 1:1 by Robinhood-held equities, and that Arc’s native USDC trades at a 2x premium that should normalize after the September 16 mainnet and bridge opening.[5] Long’s own statement admits the premium exists.[5]
Who gains, who loses
Receipts
In his long X post on September 14, 2026, Bonk Guy stated that he bought the native token of the main launchpad on Arc, LONG, along with the top three memecoins on the launchpad.
“i bought the native token of the main launchpad on Arc, $LONG, along with the top 3 memecoins on the launchpad”
Odaily reports that after Bonk Guy’s post about Arc and LONG, the LONG token briefly surged despite Arc mainnet not yet being live.
“Subsequently, Bonkguy peacefully went to sleep, but due to his enormous influence, the LONG token briefly surged.”
Odaily reports that community users discovered the long.supply launchpad "has rug permissions at any time and can print fake USDT," pointing to the project team’s self‑built cross‑chain bridge.
“Soon, community users discovered that the launchpad "has rug permissions at any time and can print fake USDT," pointing directly at the project team's self-built cross-chain bridge;”
Odaily reports that crypto KOL @ShawnThread described long.supply as "a platform with rug permissions at any time that can print fake USDT" and stated that the stock tokens on Arc are issued by the platform itself rather than officially by Robinhood.
“Furthermore, regarding the "Arc on-chain launchpad" endorsed by Bonkguy, crypto KOL @ShawnThread posted: "This is a platform with rug permissions at any time that can print fake USDT.”
The KuCoin flash note reports that Long said Arc’s native USDC currently trades at approximately a 2x premium due to the cross‑chain bridge remaining closed and that with the launch of Arc’s public mainnet and native USDC cross‑chain bridge on September 16 this premium is expected to gradually normalize.
“It noted that Arc’s native USDC currently trades at approximately a 2x premium due to the cross-chain bridge remaining closed, causing stock tokens priced in it to appear below the market price of the underlying stocks.”
CABAL DESK is reporting, written with AI under human oversight. Every bracketed number opens its receipt: the source, the quoted span, the hash. Headlines and characterisations are commentary; the sourced facts are the receipts. Not investment advice. Corrections log. Editorial & legal.