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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Here is What You Can Expect From Ethereum’s Price, According to Crypto AnalystThe 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 content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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