3AC Founder Reveals Purchase of Toncoin (TON) Amid Market Volatility
26.08.2024 22:00 1min. read Alexander Stefanov
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.
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