20 July 2026
CEO Of Three Arrows Capital Shares Bullish Thesis for Dogecoin
Su Zhu, the CEO of Three Arrows Capital, has outlined a bullish thesis for Musk’s favourite cryptocurrency, Dogecoin (DOGE).
While speaking at “The Game Theory of Crypto Podcast,” the CEO affirmed that he is keen on DOGE because the meme coin has gained more interest from “blue-collar’ traders than any other crypto on the market.
In an interview, Zhu referred to the data of Robinhood, the popular trading app, and pointed out that 62% of the firm’s Q2 crypto revenue was from DOGE trading. “The best way to understand DOGE, I think, is that if you look at Robinhood, which is sort of the most blue-collar style of crypto investing, DOGE is 60% of their crypto revenue. And crypto is 40% of Robinhood’s revenue, so Robinhood is basically a DOGE proxy.”
Further, he said, “this is something that I think is mirrored as well now, Interestingly across Coinbase. I mean, a few days ago, DOGE volume was higher than Ether. You know, people want to trade DOGE.”A few days back, Dogecoin’s trading volume had almost reached $1 billion in Q2. Comparatively, the meme coin’s average daily volume in Q1 was $74 million.
Furthermore, Su Zhu asserted that Dogecoin is four times more popular than Ethereum in communities not well versed with crypto. He also said, “If you just look on social media, you look on Twitter, Instagram, DOGE is the only coin where you can see a woman showing another woman and not being paid to do so, but just doing so because she likes the coin,”
Besides, sophisticated traders may stay away from DOGE due to its meme coin status and volatility. Zhu, interrogated the idea that “crypto needs to be serious” to be successful. Further, he concluded by drawing comparisons with XRP, whose underlying blockchain company, Ripple, is in a thick of a legal battle with the United States Securities and Exchange Commission. Still, the token tapped a 36,000% gain.
Disclaimer: The author’s views and opinions are for informational purposes only and do not constitute financial, investment, or other advice.
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