The co-founder of bankrupt and sued crypto hedge fund Three Arrows Capital has increased his new coin OX by 50 percent.
Three Arrows Capital (3AC), which went bankrupt at the same time Luna was experiencing a major collapse, became the focus of investigations. In particular, 3AC’s co-founder Su Zhu was tried with a prison sentence. 3AC was allegedly damaging the crypto market.
In the midst of all this, 3AC co-founders launched a new crypto project called Open Exchange Token (OX). Su Zhu, who introduced the project to the crypto market, was arrested in September and caused a huge stir. However, months later, Su Zhu did something that increased the price of OX by 50 percent.
The co-founder of Three Arrows Capital flew his new project in an interesting way!
The price of Open Exchange Token (OX), launched by the founders of Three Arrows Capital (3AC), has started to rise. Behind the rise of OX is Su Zhu, one of the founders of 3AC and a member of the OXin executive team.
Su Zhu was arrested for the 3AC case on September 29. Su Zhu shared a tweet for the first time since the day he was arrested. The co-founder said “gm (good morning)” in his tweet. Although it was seen as a simple post, there was a 50 percent increase in the price of OX after this post.
The thought that Su Zhu had completed his sentence and would now focus on the crypto market paved the way for OX’s price rise. Sharing a simple GM message on December 1, Su Zhu sparked sensational interest in the project.
According to CoinMarketCap data, OX price increased from $0.0145 to $0.0215. Additionally, OX experienced a 175 percent volume increase in the last 24 hours. According to data, OX’s market value reached $50 million.
The new cryptocurrency from the founders of a bankrupt crypto hedge fund has been strangely FOMO-inducing. Crypto investors are driven by the desire to make money, regardless of what has gone before in the industry.
