Three Arrows Capital, a crypto hedge fund (3AC), has purchased more than half of a billion dollars in Ether since CEO Zhu Su criticized the cryptocurrency publicly on Twitter (NYSE. Are these purchases a sign that he has changed his mind or were he simply taking advantage of the market crash to purchase the dip?

Zhu was the victim of an anti-ETH tirade that took place between Nov. 20 & 22. Tweet about why he had “abandoned despite supporting it in the past.” The thread came in response to a tweet from Synthetix founder Kain Warwick, who’d called out people who have “sold out in pursuit of profit maximization.” During the tweet storm Zhu claimed that Ethereum culture “suffers massively from the Founders’ Dilemma” and that “everyone is already far too rich to remember what they originally set out to do.”

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