en
Back to the list

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

source-logo  bitcoinworld.co.in 27 August 2024 04:47, UTC

Zhu Su, the founder of the now-defunct Three Arrows Capital (3AC), which went bankrupt following the Terra (LUNA) collapse, recently revealed his latest investment Toncoin (TON) 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.

Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

bitcoinworld.co.in