**News Flash: Three Arrows Capital Dives into Memecoins**

Three Arrows Capital (3AC), once a titan in crypto investment, is now betting big on memecoins. Co-founder Su Zhu recently announced investments in quirky tokens like "Fat Girlfriend" and "Astrofolio," signaling a bold pivot from traditional altcoins. At the Token2049 conference, memecoin advocate Murad Mahmudov argued that these tokens could outshine altcoins by appealing to retail traders weary of venture-backed projects. Zhu predicts institutional investors will soon join the memecoin craze. After a tumultuous past, including a $3 billion debt and a failed exchange, 3AC is rebranding as Three Arrowz Capitel, embracing a new, edgier strategy.