Is Terra Luna Founder on the run?

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Is Terra Luna Founder on the run?


The founder of Terraform Labs, Do Kwon, has spoken out about the claims that the authorities issued the warrant for his arrest, saying that he is not on the run.

According to multiple sources, a court in South Korea issued a warrant for arresting Do Kwon last week. Besides Kwon, five other names associated with Terra are also on the warrant. The reason for issuing this warrant is the claim that these individuals violated the Capital Market Act provisions of this country.

Three days after the claim about the issued warrant for his arrest, Kwon spoke up on Twitter, discarding these claims and stating that if the authorities need to speak to him, he is ready to communicate. However, he also vocalized his concerns about the privacy issues regarding the attention his whereabouts are attracting.

During the first interview last month after the Terra crash, Kwon stated he was cooperating with the authorities and that he needed to move to Singapore. According to the Singapore Police Force, he is no longer there.

While some investors are trying to resolve this mystery, others are turning to the most prominent coins on the market now.

3 most popular coins during the Terra mystery

Despite going through a pretty difficult period regarding the crypto market caused to some extent by the collapse of Terra, some investors simply don’t want to waste any more time. The coins that they are turning to are:

  1. Tamadoge (TAMA)
  2. Battle Infinity (IBAT)
  3. Lucky Block (LBLOCK)

These coins are surely showing huge potential for many reasons. Let’s dive deeper into the reasons for each one of them.

In the midst of the crash that the crypto market is going through, TAMA seems to flow through it effortlessly. It managed to raise $19 million in less than two months, just showing the potential that will develop pretty soon. 

The blend of the metaverse, crypto market, and the play-to-earn concept will surely start giving more results soon since the investors showed that it is exactly what the market wants to see. The investors have their eyes glued to all the new information about the TAMA token, and there are certainly many surprises we can expect.

We will learn new information regarding the exchange TAMA will be listed this Friday, 23rd, at 12 PM BST. The price of TAMA is surely going up from the moment it gets listed, with all the hype we have seen so far.

2. Battle Infinity (IBAT)

Battle Infinity is a platform where fantasy sports enthusiasts can utilize all their knowledge and skills to progress and earn. The knowledge about the way sports function in the real world is the condition that will become a base for further progress. With the NFTs that can be bought, it becomes pretty interesting to form teams. 

The value of NFTs is closely related to the performance that the real players show. The teams that manage to gather the most points will move up on the leaderboard, which will be rewarded with IBAT tokens. 

The price of IBAT today is $0.003004, and there is a 4.35% price rise at the moment of writing, which is surely a great sign.

Battle Infinity

3. Lucky Block (LBLOCK)

Lucky Block is gaining increasing popularity because of the fact that there are two native tokens on the platform: LBLOCK V1 and LBLOCK V2. Since there is a 12% tax on transactions involving V1, the developers introduced V2 as a perfect alternative. 

It is announced that the Bridge will become live on October 3rd, which will enable easier currency swapping, and it is additionally putting LBLOCK in focus. It is expected that the team behind the project will start burning LBLOCK tokens at the end of this month, which will drive both the demand and the price of LBLOCK. 

The price of LBLOCK V1 is $0.0003533 today, and there has been a 3.25% increase in the last 24 hours, which is just showing the good position this token has on the market. It is expected that the price will increase further once the Bridge is implemented.

luckyblock

Conclusion

While we are waiting to see how the situation will develop further with the founder of Terra, but also with the crypto market in general, there are still some ways to avoid hitting the wall. Investing in these three coins we listed before is certainly a good alternative because there are many exciting things planned ahead for each one of them, making this a perfect time to invest.

 

#Terra #Luna #Founder #run



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