Terra’s CEO Do Kwon is Now Betting $1 million on LUNA’s future price
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.
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.
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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Terra’s CEO Do Kwon is Now Betting $1 million on LUNA’s future price
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.
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.
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.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
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