$ARSE is a token deployed by clanker, an AI bot created by Proxy Studio that allows farcaster users to create a token directly in their social feed and attempts to be a fairer launch mechanism for social and meme coins.
Clanker uses one-sided liquidity on uniswap v3, meaning the pool starts with only the token supply, no eth.
The initial market cap ($30k) is set by pricing each token (100B $ARSE at $0.0000003 each).