Three Arrows Capital’s Su Zhu has given up on Ethereum
Three Arrows Capital CEO Su Zhu berated Ethereum and its neighborhood in a scathing tweet.
Sure I’ve deserted Ethereum regardless of supporting it prior to now.
Sure Ethereum has deserted its customers regardless of supporting them prior to now.
The thought of sitting round jerking off watching the burn and concocting purity assessments, whereas zero newcomers can afford the chain, is gross.
— Zhu Su 🔺 (@zhusu) November 21, 2021
The cryptocurrency billionaire claims that he has definitively deserted the second-largest cryptocurrency due to how exclusionary it’s for newcomers.
Zhu takes challenge with exorbitant charges on the Ethereum blockchain, and the unwillingness of a few of the most influential voices inside the neighborhood to deal with that downside.
Over the previous 24 hours, Zhu has additionally been retweeting varied tweets which might be important of Ether.
Earlier at present, an Ethereum address related to Three Arrows Capital despatched roughly $77 million value of ETH to the FTX trade.
In early November, Three Arrows Capital (3AC) was introduced as one of many traders in Blizzard, a brand new fund whose goal is to advertise the event of “Ethereum killer” Avalanche.
As reported by U.Today, the AVAX worth hit a brand new all-time excessive of $138. Together with Solana, Cardano and Binance Good Chain, Avalanche has benefited from Ethereum’s excessive charges that stay a serious roadblock to the blockchain’s widespread adoption.
Zhu, who began 3AC along with highschool classmate Kyle Davies, is among the many largest crypto holders on the earth.