Terra’s Do Kwon Planning to Dump Bitcoin to Zero: Sources
Terraform Labs CEO Do Kwon is planning on dumping his bags to zero, sources have confirmed.
According to multiple sources, the Korean entrepreneur decided he wants to crash Bitcoin and the broader crypto market on the realization that Terra’s Ponzinomics model is unsustainable. “He kept going on about how the failure of UST is equivalent to the failure of crypto itself and that no one would be able to stop him from crashing Bitcoin because their size is not his size,” a source familiar with the matter told Crypto Briefing. “Then he posted a bunch of tweets about how anyone who wasn’t a LUNAtic was coping on the left side of the curve.”
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