The founder of the now-defunct Three Arrows Capital (3AC), Zhu Su, known for his market influence, recently announced the purchase of Toncoin (TON).
Background of Zhu Su and 3AC
Zhu Su, the founder of the defunct Three Arrows Capital (3AC), has been accused of fraud following the collapse of Terra (LUNA). Despite this, he remains a significant figure in the cryptocurrency world due to his market influence.
Latest Investment in Toncoin
In his latest update, Zhu Su revealed 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 is currently trading at $5.91.
Investment Details and Other Assets
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.
Zhu Su continues to be an influential figure in the crypto community despite all accusations. Information about his investments should be considered in further market analysis.
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