Su Zhu, known for the collapse of Three Arrows Capital (3AC), has returned to the spotlight with the launch of a new meme coin. However, the crypto community has met this move with skepticism. After the downfall of 3AC, Zhu’s latest project has raised eyebrows, with many questioning his motives.
New Meme Coin: Three Arrowz Capital (3AC)
Su Zhu introduced his new meme coin, Three Arrowz Capital (3AC), via his social media accounts. The token is now available on his OX platform and is also trading on MEXC and Gateio. Despite its status as a meme coin, it has attracted the attention of a few investors.
Yet, considering Su Zhu’s troubled past and the disastrous fallout of 3AC, the launch of this meme coin has been met with suspicion. Many in the crypto community are questioning whether this coin has any long-term potential or if it’s just another speculative venture.
Concerns About Su Zhu
Su Zhu has not faced legal charges regarding the collapse of Three Arrows Capital, although there are rumors that he is evading authorities. This situation has only heightened the lack of trust in his new project. Similar concerns were raised in the case of Alex Mashinsky, the former CEO of Celsius, who is now in jail in the U.S. Zhu’s new altcoin has stirred up similar worries within the community, with many wondering if it’s safe to invest.
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Early Trading Performance of 3AC Meme Coin
Within just 25 minutes of launching on Gateio, the 3AC meme coin saw a 14% decline in value, adding to investor concerns. Su Zhu’s history, combined with the early drop in price, has made investors nervous. However, some believe the volatility could be short-term, while others remain skeptical given Zhu’s past failures.
Investor Sentiment on Meme Coins
The crypto community is treading cautiously with Su Zhu’s new altcoin. Trust remains a major issue, and his past missteps have shaken confidence in this project. Still, there are speculators who see potential for short-term gains in such volatile projects. For now, many investors are keeping a close eye on its performance but remain wary.
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