The native token of Terra network, Luna, has been performing exceptionally well for a while, but not everyone thinks that’ll last forever.
A Twitter user named Sensei Algod challenged anyone to a million-dollar bet that the price of the token will be much lower a year from now.
$1 million bet placed on LUNA’s price performance
The tweet reads, “Who wants to take a $1000000 bet that $luna will be lower in 1 year than now?” He further tagged notable Terra stakeholders, including the founder and CEO of Terra blockchain, Do Kwon.
Edited*
Who wants to take a $1000000 bet that $luna will be lower price in 1 year than now? @stablekwon @CryptoHarry_ @ZeMariaMacedo
— Sensei Algod (@AlgodTrading) March 13, 2022
Kwon has since responded and accepted the bet stating that he “would prefer to ask whatever your net worth is and bet 90%. But maybe this is what that is already.”
Would prefer to ask whatever your net worth is and bet 90%
But maybe this is what that is already
— Do Kwon 🌕 (@stablekwon) March 13, 2022
This bet reveals that there are still several sceptics who remain unconvinced with the coin. Sensei Algod further revealed that someone else in an unnamed telegram group is willing to bet six figures on the same conditions.
Algod 🤝GCR
lets get it https://t.co/fniaDxmrNH
— Sensei Algod (@AlgodTrading) March 14, 2022
According to Sensei, he can conveniently place this bet because he sees Luna as a Ponzi scheme without any potential for the long term. This was in…
