Unforeseen Increase in OX Token Supply by Ox.fun, Led by Su Zhu, Sparks Controversy
Chaos Ensues on Trading Platform Ox.fun Over Unannounced OX Token Supply Increase
The trading platform, Ox.fun, has found itself facing a storm of criticism after allegedly increasing the total supply of OX tokens from roughly 4 billion to a staggering 9.8 billion without any official announcement.
This surprising move has caught the attention of X users, who have dubbed it a quiet inflation or even a potential rug pull. Fueling the fire, Su Zhu, the founder of Three Arrows and associated with Ox.fun, is already grappling with a tarnished reputation due to the collapse of Three Arrows Capital.
The Unannounced Surge
According to various posts on X and data from both Ox.fun's official dashboard and Etherscan, the OX token supply has indeed been surged. This increase has seen the token's market capitalization skyrocket from a humble $5 million to around $17 million, despite minimal impact on the price of the OX tokens at the moment.
In December 2024, Ox.fun announced on their Twitter that the original OX supply was 4.2 billion. The discrepancy between this figure and the current total supply has sent shockwaves through the community.
emptily_charging_silently: "I love how @OXFUNHQ @zhusu continue to be dead silent about doubling the circulating supply of $OX overnight. I sincerely think they were just hoping that simply no one would notice. True regards."
The Dodged Bullet or a Red Flag?
Ox.fun eventually responded, claiming that the increase had been previously disclosed as part of the "Ox Seasons" program. However, the community remains skeptical due to the delayed communication and the doubts surrounding Ox.fun's transparency.
"Importantly, the tokens are locked in the OX treasury multisig (0x4B214e2a2a9716bfF0C20EbDA912B13c7a184E23) and will only be distributed to users at the end of the Seasons program, exactly as outlined in our docs." stated Ox.fun.
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Despite the controversy, it's essential to remember that smaller trading platforms like Ox.fun can be vulnerable to market sentiment.
A Stain on the Past
The heightened concern in the community also stems from negative incidents such as Su Zhu's reputation being tarnished following the collapse of Three Arrows Capital, as well as some issues with JefeDAO in February 2025.
Although Ox.fun later provided explanations, these events have left lingering doubts about its financial stability.
As always, it's crucial to verify facts independently and consult with a professional before making any decisions based on this information. Official OX.FUN communications or press releases, which may provide more clarity on the situation, were not included in the search results.
- The unexpected surge in OX token supply from roughly 4 billion to 9.8 billion has sparked a backlash on the trading platform, Ox.fun, with some users accusing the platform of a quiet inflation or a potential rug pull.
- In a recent post, one user claimed that Ox.fun had been silently hoping that no one would notice the increase in OX token supply, implying a lack of transparency.
- Ox.fun later claimed that the increase was part of the "Ox Seasons" program and that the tokens were locked in the OX treasury multisig, but the community remains skeptical due to the delayed communication.
- The unannounced OX token supply increase has seen the token's market capitalization skyrocket from $5 million to around $17 million, despite minimal impact on the price of the OX tokens.
- The trading of OX tokens involves smart contracts on the blockchain, making it essential for users to manage their wallets carefully to avoid any losses or potential rug pulls.
- Older incidents, such as Su Zhu's tarnished reputation following the collapse of Three Arrows Capital and some issues with JefeDAO in February 2025, have also raised concerns about Ox.fun's financial stability.
- Smaller trading platforms like Ox.fun can be particularly susceptible to market sentiment, making it crucial for investors to conduct thorough research before engaging in trading activities.
- Despite the controversy, it's important to remember that decisions based on this information should be verified independently and consulted with a professional.
- A disclaimer: Official OX.FUN communications or press releases, which may provide more clarity on the situation, were not included in the search results presented here, so it's recommended to seek out these official sources for accurate and up-to-date information.
