3AC Founder Reveals Purchase of Toncoin (TON) Amid Market Volatility

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.

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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.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.