Meme Coin Surges 30% as 3AC Co-Founder Bets Big 🚀
Su Zhu, co-founder of Three Arrows Capital (3AC), revealed on October 14 that he’s taken a long position on the meme coin Three Arrowz Capitel (3AC). Following this announcement, the token’s value soared by over 30%, briefly reaching $0.040, before experiencing a swift correction.
Su Zhu shared the news on the X platform, stating that he entered the market at $0.0321, sparking excitement and speculation across the crypto community. Investors scrambled to follow his lead, causing a sudden surge in the token's price and trading activity.
A Meme Coin with Controversial Origins
Launched by Su Zhu and Kyle Davies, Three Arrowz Capitel (3AC) is a satirical nod to their now-defunct hedge fund. However, the token has faced criticism due to concerns over insider control, with a few wallets holding the majority of the supply.
Despite its humorous branding, the coin encountered volatility from the start, with its value plunging more than 60% shortly after its launch earlier this month. This rapid price movement has led some in the crypto space to label it as a potential pump-and-dump scheme, especially given its low liquidity.
Market Reaction and Ongoing Legal Disputes
The sudden spike in 3AC's price comes amid Three Arrows Capital's ongoing dispute with Terraform Labs (TFL). The hedge fund, which blames TFL for its collapse, is seeking to recover over $1.3 billion in damages. Meanwhile, TFL is facing bankruptcy proceedings after settling $4.3 billion with the U.S. SEC.
Price Movements and Trading Volume Surge
After Zhu’s public endorsement, 3AC's trading volume skyrocketed by more than 700% within 24 hours. The token reached a peak of $0.0444 but has since pulled back, trading at $0.0364 at the time of writing. The 24-hour range for the token spans from a low of $0.02947 to a high of $0.0444. Liquidity remains thin, with a 4.75% increase over the past day, reflecting the coin’s instability.
While the token experienced a sharp rally, its price remains down 1% over the past week, underscoring the inherent risks of meme coin investments. As market participants continue to monitor developments, only time will tell whether this coin’s newfound momentum will lead to sustained gains or further volatility.

#Memecoi #MemeCoinTrending #DoYouHoldBNB #BTCUptober #HBODocumentarySatoshiRevealed

Meme Coin Surges 30% as 3AC Co-Founder Bets Big 🚀
Su Zhu, co-founder of Three Arrows Capital (3AC), revealed on October 14 that he’s taken a long position on the meme coin Three Arrowz Capitel (3AC). Following this announcement, the token’s value soared by over 30%, briefly reaching $0.040, before experiencing a swift correction.
Su Zhu shared the news on the X platform, stating that he entered the market at $0.0321, sparking excitement and speculation across the crypto community. Investors scrambled to follow his lead, causing a sudden surge in the token's price and trading activity.
A Meme Coin with Controversial Origins
Launched by Su Zhu and Kyle Davies, Three Arrowz Capitel (3AC) is a satirical nod to their now-defunct hedge fund. However, the token has faced criticism due to concerns over insider control, with a few wallets holding the majority of the supply.
Despite its humorous branding, the coin encountered volatility from the start, with its value plunging more than 60% shortly after its launch earlier this month. This rapid price movement has led some in the crypto space to label it as a potential pump-and-dump scheme, especially given its low liquidity.
Market Reaction and Ongoing Legal Disputes
The sudden spike in 3AC's price comes amid Three Arrows Capital's ongoing dispute with Terraform Labs (TFL). The hedge fund, which blames TFL for its collapse, is seeking to recover over $1.3 billion in damages. Meanwhile, TFL is facing bankruptcy proceedings after settling $4.3 billion with the U.S. SEC.
Price Movements and Trading Volume Surge
After Zhu’s public endorsement, 3AC's trading volume skyrocketed by more than 700% within 24 hours. The token reached a peak of $0.0444 but has since pulled back, trading at $0.0364 at the time of writing. The 24-hour range for the token spans from a low of $0.02947 to a high of $0.0444. Liquidity remains thin, with a 4.75% increase over the past day, reflecting the coin’s instability.
While the token experienced a sharp rally, its price remains down 1% over the past week, underscoring the inherent risks of meme coin investments. As market participants continue to monitor developments, only time will tell whether this coin’s newfound momentum will lead to sustained gains or further volatility.

Meme Coin Surges 30% as 3AC Co-Founder Bets Big 🚀
Su Zhu, co-founder of Three Arrows Capital (3AC), revealed on October 14 that he’s taken a long position on the meme coin Three Arrowz Capitel (3AC). Following this announcement, the token’s value soared by over 30%, briefly reaching $0.040, before experiencing a swift correction.
Su Zhu shared the news on the X platform, stating that he entered the market at $0.0321, sparking excitement and speculation across the crypto community. Investors scrambled to follow his lead, causing a sudden surge in the token's price and trading activity.
A Meme Coin with Controversial Origins
Launched by Su Zhu and Kyle Davies, Three Arrowz Capitel (3AC) is a satirical nod to their now-defunct hedge fund. However, the token has faced criticism due to concerns over insider control, with a few wallets holding the majority of the supply.
Despite its humorous branding, the coin encountered volatility from the start, with its value plunging more than 60% shortly after its launch earlier this month. This rapid price movement has led some in the crypto space to label it as a potential pump-and-dump scheme, especially given its low liquidity.
Market Reaction and Ongoing Legal Disputes
The sudden spike in 3AC's price comes amid Three Arrows Capital's ongoing dispute with Terraform Labs (TFL). The hedge fund, which blames TFL for its collapse, is seeking to recover over $1.3 billion in damages. Meanwhile, TFL is facing bankruptcy proceedings after settling $4.3 billion with the U.S. SEC.
Price Movements and Trading Volume Surge
After Zhu’s public endorsement, 3AC's trading volume skyrocketed by more than 700% within 24 hours. The token reached a peak of $0.0444 but has since pulled back, trading at $0.0364 at the time of writing. The 24-hour range for the token spans from a low of $0.02947 to a high of $0.0444. Liquidity remains thin, with a 4.75% increase over the past day, reflecting the coin’s instability.
While the token experienced a sharp rally, its price remains down 1% over the past week, underscoring the inherent risks of meme coin investments. As market participants continue to monitor developments, only time will tell whether this coin’s newfound momentum will lead to sustained gains or further volatility.