OPNX spikes after arrested Su Zhu’s “gm” on X
The token of the Open Trade (OX) cryptocurrency platform OPNX rose 50% after a tweet from the arrested co-founder of the trade Su Zhu.
In response to CoinMarketCap knowledge, the OPNX token worth rose 50% to $0.0214 simply 20 minutes after Su Zhu’s publish, however has since settled at round $0.01734 cents at press time.
Zhu posted a easy “gm” – an acronym for “good morning” – marking his first X-post since Sept. 29, 2023 the identical day he was arrested.
On the time of writing, the worth of the coin had dropped to $0.01752 with a rise of 24% over the past 24 hours. OPNX hit a 63-day excessive, a worth not seen since Su’s arrest on Sept. 29. Nonetheless, OPNX is buying and selling effectively under its all-time excessive of $0.08124 and its worth has dropped considerably for the reason that arrest of OX’s co-founder.
Buying and selling volumes for the token additionally elevated by 128% over the previous 24 hours, reaching $7.9 million.
On the finish of Sept. 2023, Zhu was arrested in Singapore whereas making an attempt to depart the nation. Police detained Zhu at Changi Airport as he tried to depart Singapore after issuing an arrest warrant. The order was obtained as a result of he didn’t adjust to a earlier courtroom order requiring him to supply info associated to the chapter of Three Arrows Capital.
Three Arrows Capital (3AC) was a $10 billion hedge fund that collapsed in July 2022 as a result of crash of the Terra ecosystem. Zhu and his accomplice Kyle Davies have been stated to be in hiding from liquidators when Zhu was apprehended, though they have been energetic on social media after 3AC’s collapse. An identical detention order was made towards Davies, although his whereabouts stay unknown.
