The Ox.fun platform associated with Su Zhu is facing strong opposition for suddenly doubling the supply of OX tokens

According to Beincrypto, Ox.fun, a trading platform affiliated with Su Zhu, founder of Three Arrows Capital, has been accused of increasing the total number of OX tokens from 4.2 billion to 9.8 billion without prior notice. According to blockchain data, this operation resulted in the token's market value jumping from less than $5 million to approximately $17 million, raising doubts in the community about the transparency of the project team. The Ox.fun team responded that this additional issuance will be disclosed on social media through the "Ox Seasons" plan on April 1, 2025. The newly added 6 billion tokens will be locked in a multi signature wallet and gradually distributed to users according to the plan. The team emphasized that the contract casting function has been disabled to ensure transparency. However, the community still questions its communication lag, and some users believe that this move carries the risk of "soft rug pull". It is worth noting that Su Zhu's reputation was damaged due to the bankruptcy of Three Arrows Capital, and Ox.fun had a dispute with JefeDAO in February 2025. Despite the platform's explanation, the series of events continue to raise concerns about its financial stability.