Three Arrows Capital adds $112 million of Ethereum

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Three Arrows Capital adds $112 million of Ethereum

The crypto famous Three Arrows Capital, early investors of Decentralized Finance – DeFi protocols such as; Aave, Yearn Finance and Polkadot have added 40,500 ETH worth around $112 million on 17-03-2022. The transaction hash can be found here!

 

Who is Three Arrows Capital?

Three Arrows Capital Ltd. is a hedge fund established in 2012 and founded by Su Zhu and Kyle Davies. It performs research in the field of cryptocurrencies and makes investments in cryptocurrency mining and public securities with exposure to crypto and blockchain. They are considered a massive investment fund that dictates movements of the markets. Visit one of their adresses ($159million) on Debank.

Could this be smart money entering back into the markets, expecting a rise in prices? Or do they just want you to think they’re entering and unload their bags on other undisclosed adresses?

 

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