Although many exciting developments often take place in the cryptocurrency space, not every day we see someone betting a million dollars on whether a coin will be worth more or less than it currently is. Exactly the same thing happened a few hours ago.
- A member of the well-known cryptocurrency community, Twitter pseudonym AglodTrading, said yesterday that he is willing to bet $1,000,000 to anyone that the price of LUNA will be less than its current one in 1 year.
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Who wants to bet $1000000 $luna Will the price be less in 1 year from now? @stablekwon @CryptoHarry_ @ZeMariaMacedo
— sensei algod (@AlgodTrading) 13 March 2022
- And while it might seem like a staggering amount of money to bet on such a bet, it didn’t take long for Terra’s founder – Do Kwon – to pick up on it.
cool i’m in
— do kwon (@stablekwon) 13 March 2022
- Kwon further proposes to place a bet where the UST is not de-pegged at the same time next year, and is also placing the odds of 2:1. It doesn’t look like his last bet was taken at the time of this writing.
- Both parties have agreed to the following terms of the bet:
-Kobi receives 1M USDT from all of us
-On the same day next year, if the price of Luna is higher than the 88 reported by Coingeco? He gives me the luna, if not, he gives you
- They agreed to consider the 24-hour average value of Luna on March 14, 2023 as the deciding factor. Money has already been sent, and whether address can be tracked here.
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