Bitcoin Sinking Zhu Su Shared the Altcoin He Opened a Long Position in! There Was a Jump in Price!
Su Zhu said today that he opened a long position in the memecoin Three Arrowz Capital (3AC).
Zhu Su, the founder of Three Arrows Capital (3AC), one of the cryptocurrency lenders that went bankrupt after the Terra (LUNA) crisis, announced the altcoin he took a long position in in his post on X.
Accordingly, Zhu Su said that he opened a long position in the memecoin called Three Arrowz Capital (3AC) today.
Following this post by Zhu Su, who stated that he opened a long position in the memecoin called Three Arrowz Capital (3AC) at $ 0.0321 with 5x leverage, there was a sudden increase in the price of 3AC.
longed $3ac at .0321 pic.twitter.com/w1KLTfNu52
— 朱溯 🐂 (3/AC) (@zhusu) October 14, 2024
While this post by Zhu Su sparked speculation in the cryptocurrency community, the 3AC token attracted attention among investors.
The Three Arrowz Capital (3AC) token, which experienced a major increase after the share, continues to be traded at $0.0396 with a 30% increase in the last 24 hours at the time of writing.
What is Three Arrowz Capital (3AC)?
This memecoin, which he launched with Three Arrows Capital's other founder Kylie Davies, continues to attract the attention of investors.
This memecoin is based on Su Zhu and Kylie Davies deliberately misspelling the name of their failed hedge fund. 3AC has been the subject of controversy due to insiders controlling most of the assets, and has plunged over 60% since its launch earlier this month.
*This is not investment advice.
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.
You may also like
Google Chrome’s success ‘impossible to recreate,’ exec testifies in DOJ antitrust trial
Share link:In this post: Parisa Tabriz believes Google Chrome would decline in another company’s hands, saying it would be hard to disentangle Google from the search engine’s success. Google plans to infuse artificial intelligence into Chrome to make it more agentic. OpenAI showed interest in buying Google Chrome.
SEC Commissioner Hester Peirce calls for better crypto regulation
Share link:In this post: SEC Commissioner Hester Peirce has called for better crypto regulation in the United States. Peirce mentioned that financial firms have been approaching crypto in a way like playing “the floor is lava” children’s game. SEC commissioners want flexible regulation as SEC chairman Paul Atkins wants clear regulations for digital assets.
Australian radio station used AI-generated DJ for months before being discovered
Share link:In this post: An Australian radio station has received backlash over the use of an AI-generated DJ for months without disclosure. The show, Workdays with Thy, used the AI-generated DJ for six months, airing by 11am every weekday. The general public has called for the need to formulate regulations to track the responsible use of artificial intelligence.
DeFi TVL exceeds $100 billion for the first time since March
Trending news
MoreCrypto prices
More








