Is GCR Betting Against Do Kwon's LUNA Again? The Whale Returns!
Remember when Gigantic Rebirth, or GCR, made headlines for winning a staggering $10 million bet against Do Kwon, predicting the downfall of the original LUNA? Well, rumors are swirling! Is GCR, the man who won a $10m bet against Do Kwon, bought 450k moons? Could he be shorting the new Terra (LUNA) or perhaps even Luna Classic (LUNC)? Let's dive into the latest developments.
GCR's History with LUNA and Do Kwon
For those unfamiliar, Terraform Labs CEO Do Kwon has finalised a bet with a crypto personality known as GCR, or Gigantic Rebirth, to the tune of $10 million over the future price of Terra. The bet, made public in 2022, proved prescient. Whale wins $10M bet from Do Kwon: LUNA will fail. Now, it seems history might be repeating itself.
New Data Points Spark Speculation
The crypto community is abuzz with speculation fueled by several key observations. Approximately 450k moons were transferred from mexc hot wallet to a known influencer’s wallet. This substantial movement has raised eyebrows, leading some to believe GCR might be positioning himself for another short. While we can't confirm this definitively, the timing is certainly interesting. The coin (now rebranded 13 de sept. de 2025 Luna Classic is up more than 33,565% from its low in May. The token's parabolic run is currently under selling, potentially creating an attractive opportunity for a short position.
What Does the Future Hold for LUNA?
The crypto market is known for its volatility, and LUNA is no exception. While Luna Classic is up significantly from its lows, its long-term viability remains uncertain. Considering Gigantic Rebirth, who famously won a $10 million bet against Do Kwon about the future of LUNA, is now shorting the token once again, the situation becomes even more intriguing.
Developing Story: Stay Tuned for Updates
Is this the start of another high-stakes bet between GCR and Do Kwon? Is GCR's potential short position a sign of things to come for LUNA? We will continue to monitor this developing story and provide updates as they become available. Según Foresight News, en este día de 2025, Do Kwon participó en una apuesta de un millón de dólares con el influenciador de criptomonedas Sensei Algod sobre el Terraform Labs CEO Do Kwon has finalised a bet with a crypto personality known as GCR, or Gigantic Rebirth, to the tune of $10 million over the future price of Terra 12 de sept. de 2025. This historical context adds another layer of intrigue to the current situation. Keep checking back for the latest news and analysis on this evolving narrative.