Someone did.
And it went down on Twitter in a matter of hours.
By the way, did you know Twitter users have posted nearly 300 million tweets about cryptocurrency in the past three months alone.
Crpyto topics have boomed on Twitter over the last year and it is not slowing down.
Someone challenged and placed a $1 million bet 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.
Luna is a coin owned by Terraform Labs and has been doing alright since inception.
“If LUNA’s average price on March 13, 2023, is above $88, then Terraform Labs’ CEO wins the bet and vice-versa.
Then some random guy interjected and placed ANOTHER bet of $10m alongside.
Do Kwon accepted it like a mob boss.
In total, $22m has been betted.
It is not a joke.
The $22m in stable coins has been transferred as recorded on the blockchain and held in escrow with a third party.
Think about it: betting done openly and transparently on the blockchain for the world to see.
That’s a business idea right there.
I told you things were wild in cryptoland right?
So it’s $10m, that’s quite a sum of money.
But why should you care?
Well, there is a some meaning behind the curtains.
First of it shows that Do Kwon is confident in his work and that deserves some respect.
It also shows you just how much “house money” these early adopters of crypto made.
The nerds that you laughed at in school and the quiet ones who chanced upon crypto very early when everyone else didn’t bother.
They got in very, very early and probably made a fortune.
They are the new generation of wealthy that came from web3.0, not wall street.
They are the ones paying millions for jpegs, splashing money on virtual land, creating web3.0 jobs for the new economy and making ludicrous bets like that.
It’s a new reality we are living in.
But don’t be jelly and don’t FOMO in.
Stay sharp, be discerning and enjoy the ride in the wild world of cryptoland.
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