Zhu Su, founder of Three Arrows Capital (3AC), one of the cryptocurrency lenders that went bankrupt after the Terra (LUNA) crisis, announced the altcoin he recently purchased in a post he shared on X.
Zhu Su has been accused of fraud by many people due to the collapse of his company and the victimization of many users, and he is also living a fugitive life.
However, Zhu Su remains one of the most followed names due to his influence in the cryptocurrency market.
In his latest statement, Zhu Su announced that he bought Toncoin (TON) at a price level of $5.8. TON experienced a major price crash following the arrest of its affiliate Telegram founder Pavel Durov.
At the time of writing, TON is trading at $5.91. It is not clear how large the position Zhu Su purchased was.
Before the major drop, the TON price was trading at $6.94.
On the other hand, Zhu Su also stated in his statement that he has long positions in TAO, SUI and POPCAT altcoins.
*This is not investment advice.
