AC's new project, called "Flying Tulip," which claims to "never break below the offering price," has already fallen below the price.

Odaily Planet Daily reports that Uniswap liquidity pool data shows that the new AC project, a derivative protocol featuring a "100% principal redemption mechanism to ensure never breaking the peg," Flying Tulip Token (FT) is currently priced at $0.0989 USDC, below the $0.10 public offering price.

Earlier reports indicated that the Flying Tulip Token sale for the new AC project has concluded.