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

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Cryptodnes2024/08/26 19:57

By:Cryptodnes

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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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 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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