Su Zhu, Co-Founder of Defunct 3AC, Shows off His Crypto Trading Acumen

Su Zhu, co-founder of the now-defunct Three Arrows Capital (3AC), is drawing attention for his strategic approach to cryptocurrency trading. His most recent trading included both long and short positions across tokens, including Ethereum ($ETH), $POPCAT, $TAO, and $SUI, demonstrating a mix of bullish and bearish views.

Recent trades show Zhū taking a long position on Ethereum at an average price of $2,624.1, suggesting optimism on its price. However, he shorted $POPCAT, $TAO, and $SUI at average prices of $1.0098, $566.52, and $1.7377, respectively. These short positions means he expects a potential decline on these tokens, in turn showing his cautious optimism when it comes to risk management.

Read also: Popcat (SOL) $POPCAT Price Prediction 2024-2030: Will $POPCAT Hit $5 Soon?

Battle Vault Comparison Highlights Performance

A “Battle Vault” comparison, where Zhū competed against another trader, KYLE, provides further details on his trading performance. Zhū Sù’s strategy generated a substantial profit of over 61.5 million OX and a total value locked (TVL) exceeding 92 million OX.

In contrast, KYLE’s bullish strategy resulted in a loss of almost 8 million, with a significantly lower TVL of 18.3 million OX. This comparison shows Zhū Sù’s ability to profit from market conditions, while KYLE’s approach appears less successful.

Zhū’s open positions further illustrate his calculated strategy. His long position in the $TAO/USD perpetual contract shows a profit of over 12 million, while the $ETH/USD position is up 13.2 million.

His $SUI/USD contract has also generated a profit of 11.2 million. Other positions, such as $POPCAT and OX, show modest gains. The only underperforming asset is the TON/USD perpetual contract, with a small loss of 223,984.

Overall, Zhū’s diversified strategy has led to significant profits, with his skillful management of long and short positions highlighting his adaptability in the volatile cryptocurrency market.