The spectacular collapse of the UST stablecoin may have silenced some of the trash-talking, but Do Kwon is confident about the new version of Terra.
Do Kwon has come up with a new coin. But the new LUNA appears to be following the old story. Amidst the broader wobbling market, LUNA has been trading near its all-time lows. While Kwon is in the middle of multiple active lawsuits and investigations from the US and South Korea, some still believe that all the negative press around him isn’t fair.Terraform Labs chief Do Kwon may not have many ardent followers at this point, but there’s still a handful of well-wishing associates.
For the uninitiated, AngSiy previously interacted with Kwon in business meetings and even served as an ambassador for Terra. He claims to have lost over $1 million of his personal investments in the crash, but that has not deterred the VP from thinking any less highly of the Terra founder. The crypto community, however, remains divided. To some, Kwon, a 30-year-old graduate of Stanford University, is seen as a complete trash talker who delights in taunting his critics as “poor.” Those in his inner circle and the virtual cult-like followers believe that he is a “misunderstood genius.”The founder has made several outlandish claims and trumpeted Terra’s mission to create a decentralized system that may ultimately run itself.