Token

Open Exchange Token

<a href="https://bitcoinworld.co.in/opnx-token-soar-50-following-co-founder-su-zhu-unexpected-tweet/" title="OPNX Token Soar 50% Following Co-founder Su Zhu Unexpected Tweet" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">OPNX co-founder Su Zhu posted on platform X for the first time after his arrest in September.</li>
 <li style="font-weight: 400">The OPNX token (OX) hit a price high not seen since co-founder Su Zhu was arrested in late September.</li>
</ul>
Open Exchange Token (OX), the native token of the bankrupt crypto platform OPNX, soared 50% just 20 minutes after co-founder Su Zhu supposedly posted to X (Twitter) for the first time since his arrest in September.
On Dec. 1, Su Zhu posted a simple “gm” — an abbreviation for “good morning” — marking his first X post since Sept. 29, the same day he was arrested at Singapore’s Changi Airport attempting to leave the country.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 gm
 — 朱溯 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f402.png" alt="🐂" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@zhusu) <a href="https://twitter.com/zhusu/status/1730432448646025721?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 1, 2023</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
In the 20 minutes after Su’s X post, OX jumped nearly 50% to $0.021 and hit a 63-day high — a price not seen since the day of Su’s Sept. 29 arrest, according to Coinstats <a href="https://coinstats.app/coins/open-exchange-token/" rel="noopener noreferrer nofollow">data</a>.
<figure id="attachment_56817" aria-describedby="caption-attachment-56817" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class=" wp-image-56817" src="https://bitcoinworld.co.in/wp-content/uploads/OPNX-Price-Chart-483x300.png" alt="" width="539" height="335" srcset="https://bitcoinworld.co.in/wp-content/uploads/OPNX-Price-Chart-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/OPNX-Price-Chart.png 760w" sizes="(max-width: 539px) 100vw, 539px">
 <figcaption id="caption-attachment-56817" class="wp-caption-text">
 OPNX Price Chart | Source: Coinstats
 </figcaption>
</figure>
&nbsp;
Shortly after the price peak, OX retraced by around 6%. It’s market cap now sits at over $104.5 million.
Su was arrested on Sept. 29 when attempting to leave Singapore following a court order to send him to jail for contempt of court.
Read Also: <a class="row-title" href="https://bitcoinworld.co.in/3ac-co-founder-su-zhu-seemingly-released-from-singaporean-prison/" aria-label="“3AC Co-founder Su Zhu Seemingly Released From Singaporean Prison” (Edit)" rel="noopener noreferrer nofollow">3AC Co-founder Su Zhu Seemingly Released From Singaporean Prison</a>
The order was meant to see Su serve four months’ imprisonment — meaning he wouldn’t be released until next year, though some have speculated he may have been released after a wallet labeled “suzhu.eth” — believed to belong to Su (though unconfirmed) — became active again on Nov. 29.
OPNX, short for Open Exchange, is a platform allowing for the trade of creditor claims from bankrupt crypto companies.
Su and co-founder Kyle Davies founded the exchange following the bankruptcy of their $10 billion Singapore-based crypto hedge fund Three Arrows Capital (3AC) — which folded in June 2022.
Su and Davies both initially fled Singapore after 3AC’s collapse. Su returned and Davies is believed to reside on the Indonesian island of Bali.
<blockquote>
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</blockquote>
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OPNX Token Soar 50% Following Co-founder Su Zhu Unexpected Tweet

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