ICYMI: Terraform Labs CEO Do Kwon seals $10 million bet over LUNA price
Terraform Labs CEO Do Kwon has finalised a bet with a crypto personality known as GCR, orBoth parties have now sent $10 million in stablecoins to an escrow account, which is simply an Ethereumowned by a veteran crypto trader known as Cobie. GCR sent their funds over yesterday but Kwon has only just sent his through, confirming the bet.
The bet is based on whether the price of Luna will be higher or lower in one year's time, from yesterday. Kwon is betting in favor of the price of LUNA, which is his own project, while GCR is betting against it. The price of LUNA as of the time the wager was accepted was about $88.on the same terms with a different pseudonymous crypto individual known as Sensei Algod. Yesterday, both individuals sent $1 million each to the same escrow account.
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