Do Kwon’s Million-Dollar Wager on Luna Reaching $88
In 2022, Terra founder Do Kwon placed a high-stakes million-dollar bet with cryptocurrency analyst Sensei Algod, challenging whether Luna's price would surpass $88 within the next 12 months. The agreement, as reported by Foresight News, included prominent crypto commentator Cobie as an official witness to guarantee accountability.
This audacious prediction showcased Kwon’s confidence in Luna's potential for growth amid market volatility, although the token’s eventual collapse rendered the wager inconsequential. The event emphasized the speculative risks and dramatic narratives that were common in cryptocurrency markets at the time.
$USTC $LUNA $DOGS