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Terra’s CEO Do Kwon is Now Betting $1 million on LUNA’s future price

March 17, 2022
in News, Altcoins
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Crypto Market Highlights May 19, 2022

Peckshield Issues Terra’s “Honeypot” Warning

terra bet

Will Terra’s LUNA price be lower than $88 this time next year?

Sensei Algod, a well-known Terra hater, initiated a public wager worth $1 million yesterday via Twitter that the LUNA token will have a lower price than $88 in a year (starting on March 14), based on its pricing at the time of the bet. He tagged Do Kwon, Crypto Harry, and Maria Macedo – three popular Terra-related accounts.

Surprisingly, Terraform Labs founder Do Kwon has accepted the $1 million bet two hours later. “Cool, I’m in,” he replied.

Cool, I’m in

— Do Kwon 🌕 (@stablekwon) March 13, 2022

Both sides agreed to the conditions of the bet today, and each paid $1 million in USDT to an escrow wallet handled by Jordan Fish, the prominent crypto celebrity and UpOnly podcast host who knows by the alias Cobie.

If the average 24-hour price of LUNA is more than $88 on March 14, 2023, Cobie will give the money to Kwon, and if it is not, he will transfer it to Sensei Algod.

Sensei Algod is one of several well-known crypto investors who has called Terra a “Ponzi” in the past. Terra’s tokenomics design, which utilizes LUNA as the major stabilizing mechanism for the UST stablecoin, is frequently criticized.

terra bet

Meanwhile, the Terraform Labs founder has also taken a $10 million wager from a crypto enthusiast known as GCR. The bet’s terms are similar, and Cobie has agreed to act as an escrow for the wager. Cobie’s wallet displays a $10 million USDC transfer from DCR, but Kwon has not responded yet.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Hazel

CoinCu News

Terra Do Kwon Stated 8 Days Ago: “95% [Coins] Are Going To Die, But There’s Also Entertainment In Watching Companies Die Too”

Do Kwon, CEO of Terraform Labs has agreed to a $10 million bet on the LUNA price.

HOT – There are over 160 projects that will start on Terras (LUNA) early next year

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Contents

  • Will Terra’s LUNA price be lower than $88 this time next year?
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    The Floor Price Of The BAYC NFT Has Dropped By 50% In Dollar Terms.

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  • The Man Who Broke Into Do Kwon’s House Was a Terra Investor Who Lost $2 million

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  • bitcoinBitcoin(BTC)$29,381.00-1.58%
  • ethereumEthereum(ETH)$1,958.93-3.59%
  • tetherTether(USDT)$1.000.03%
  • cardanoCardano(ADA)$0.52-5.88%
  • SolanaSolana(SOL)$50.31-7.12%
  • dogecoinDogecoin(DOGE)$0.084676-4.73%
  • tronTRON(TRX)$0.0735432.69%
  • FTX TokenFTX Token(FTT)$30.41-2.47%
  • cosmosCosmos Hub(ATOM)$10.35-5.14%
  • Axie InfinityAxie Infinity(AXS)$20.37-6.01%
  • TerraTerra(LUNA)$0.000135-24.87%
  • FantomFantom(FTM)$0.321853-10.83%
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