Zhu Su, the founder of the now-defunct Three Arrows Capital (3AC), which went bankrupt following the Terra (LUNA) collapse, recently revealed his latest cryptocurrency investment in a post on X.
Despite facing accusations of fraud linked to the downfall of his firm and his current status as a fugitive, Zhu Su remains a prominent figure in the crypto world due to his market influence.
In his recent update, Zhu Su disclosed that he purchased Toncoin (TON) at $5.80 per token.
The value of TON had significantly declined after the arrest of Telegram founder Pavel Durov, and it is currently trading at $5.91.
The exact size of Zhu Su’s investment in TON is not known, but before the major drop, TON was valued at $6.94.
Additionally, Zhu Su mentioned that he holds long positions in several other altcoins, including TAO, SUI, and POPCAT.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.
Cryptocurrency analytics firm MakroVision has shared its technical assessment of Chainlink (LINK) price action.
Coinbase CEO Brian Armstrong has spotlighted a significant acceleration in institutional crypto adoption, driven largely by the surging popularity of exchange-traded funds and increased use of Coinbase Prime among major corporations.
The latest market turbulence, fueled by geopolitical tensions and investor fear, offered a textbook case of how sentiment swings and whale behavior shape crypto price action.