OX token value craters as 3AC’s Su Zhu’s arrest triggers uncertainty
Open Exchange’s (OPNX) native currency crashed on the heels of co-founder Su Zhu’s arrest. OX token value craters The arrest of Su Zhu has triggered a massive wave of sell pressure, resulting in a steep decline in the value of OX token s. According to Alphanomics, approximately $1 million worth of OX tokens were hastily dumped by token holders in the days following the news. As a result, OX token s dropped to as low as $0.010. While a minor recovery has occurred since the initial crash, the token ’s value remains down by over 83% from its all-time high. OX is the native cryptocurrency of OPNX, a specialized exchange designed for trading claims of insolvent crypto firms like FTX. Holders of OX token s benefit from reduced trading fees on the platform and have a say in its governance activities. You might also like: BlockFi battles FTX, 3AC in court over repayment claims OPNX was launched in April amid controversy due to its association with Zhu as wel...