Bitcoin Sinking Zhu Su Shared the Altcoin He Opened a Long Position in! There Was a Jump in Price!

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.