Do Kwon May Have an Address of 19,990,000 Luna

Jun 21,2022
KingData News: According to Kyunghyang News Korea,an address holding 19.69 million LUNA tokens is either owned by Do Kwon, or is closely related to it.The number of tokens held by the wallet accounts for 2% of the total amount of LUNA, ranking third among all addresses, and can receive about 164,000 LUNA (about $328,000) in monthly pledge income.
This indicator provides follow-up on the depg of Terra's stablecoin UST on May 8th. Terra's stablecoin UST briefly lost its peg to the U.S. dollar on May 8th, dipping as low as $0.985. The depeg event came after a series of multi-million dollar UST selloffs as one account traded about $85 million worth of UST for USDC on Curve Finance, while another user reportedly sold $108 million worth on Binance. UST posted a slight recovery shortly after Terraform Labs CEO Do Kwon posted a tweet calling out the stablecoin's critics.