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cryptonews
2022-05-11 14:44:00

Do Kwon's USD 1M Bet Doesn't Look Good as LUNA Crashes

Do Kwon's USD 1M Bet Doesn't Look Good as LUNA Crashes

Do Kwon, co-founder and CEO of Terraform Labs, the entity behind Terra (LUNA), found himself in a peculiar position with his bet that LUNA would stay above USD 88 - as the coin dropped over 90% in a single day. In mid-March, Do Kwon took a bet with pseudonymous Twitter user Sensei Algod, a self-proclaimed “semi retired degen,” on whether LUNA would be above USD 88 by mid-March 2023. Each risked USD 1m on the bet....Read More: Do Kwon's USD 1M Bet Doesn't Look Good as LUNA Crashes

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