Tao Yaqiong, aka Evelyn, wife of 3AC Suzhu, sold one of her Singapore properties for US $38.50 million (S $51 million), despite a court freeze on some of the couple's other properties. Tao Yaqiong, whose deal was signed in July, bought the house for S $28.50 million in 2020 and has since redeveloped it.
On August 16, SuZhu wrote on X that the "fat application" theory has become a reality. Both Pumpfun and Hyperliquid have adopted high-efficiency, low-risk investment (VC) participation business models, and have dominated Solana and Arbitrum as a single application, controlling most of the value on the chain. SuZhu predicts that there will be more similar applications in the future, and a new wave of cryptocurrency adoption is coming.