The $1 Million Bet: Will LUNA’s Price Be Higher or Lower in a Year?

Although many exciting developments take place quite often in the cryptocurrency space, it’s not every day we see someone betting a million dollars on whether or not the price of a coin would be higher or lower than the current. Well, that’s exactly what happened hours ago.

• Well-known cryptocurrency community member going by the Twitter pseudonym AglodTrading said yesterday that he’s willing to bet anyone $1,000,000 that the price of LUNA will be lower than its current in 1 year.

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

• And while it may seem like an awful lot of money to wager on a bet of the kind, it didn’t take long for the founder of Terra – Do Kwon – to take it up.

Cool, I’m in

— Do Kwon (@stablekwon) March 13, 2022

• Kwon further proposed to do a bet where UST isn’t de-pegged the same time next year, and he is even giving 2:1 odds for it. It doesn’t seem that his last bet was taken at the time of this writing.
• Both parties agreed on the following terms of the bet:

-Cobie receives 1M USDT from us each

-Next year same day, if price of LUNA as reported by coingecko is higher than 88? He delivers the LUNA to me, if not, he gives it to you

• They agreed for the 24-hour average price of LUNA on March 14th, 2023, to be the deciding factor. The money is already sent, and can the address can be tracked here.