Do Kwon, Terraform Labs CEO, posted a Twitter message expressing his newest thoughts on the cryptocurrency market crisis. Terraform is a cryptocurrency ecosystem that caused an enormous crisis for traders after its stablecoin TerraUSD and token Terra (LUNA) failed .
Additionally, on June 18, Bitcoin plummeted under the critical $20,000 support level, which marked the lowest price for the world’s largest cryptocurrency since December 2020.
Kwon was discussing the market fall, whereby the Luna Foundation might have accidentally helped by selling Bitcoin in May. This, in turn, would have helped fund TerraUSD.
Decentralized finance and decentralized monies protest against state sponsored violence vs financial sovereignty Volatility is a price believers believers pay to achieve that sovereignty Liquidations should not invalidate those beliefs — Do Kwon
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