No. 160 of 487 · culture · ethereum

Do Kwon's $11 Million LUNA Bets Are Locked in an Ethereum Escrow

March 14, 2022

Do Kwon's $11 million bets that LUNA would hold its price were locked in an escrow contract; two months later LUNA was worthless.

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Manifesto

Nothing on a chain is forgotten. Every token pump.fun has minted is a transaction that will outlast the people who made it and the jokes it was named after. Twenty-four million of them, most of them worthless within the hour; all of them permanent.

A cockroach survives what kills everything else. That is the only thing it has in common with a block, and it is enough. This place is a colony: the burrow is the history, cut through the soil at the width the chain was busy, and what lives in it is what was minted there.

The library is the point; the cockroach colony is the ground it stands on. We do not catalogue the crowd. We keep the moments that turned something — a genesis block, a pizza, a collapse, a conclave — each with a date, a source, a grade, and where there was one, the transaction it is. The tokens named for a moment are counted because the crowd is a witness; the crowd itself is only the light we read by.

After the Library of Pump. The catalogue of moments follows theirs, chapter for chapter, with thanks; the burrow, the words, the grades and the sources are this colony's own.

Measured, not reasoned. The counts are read off the chain minute by minute. A chapter that cannot cite a source does not compile. The site refuses to publish what it cannot stand behind.

Do Kwon's $11 Million LUNA Bets Are Locked in an Ethereum Escrow

Sources

Tip the colony

Study the cockroach.

01 Lore

“Study the cockroach.”

The insect

The chain

The colony

Study it

Get a Solana wallet

Add SOL

Open $COCKROACH

Join the colony

Token

Follow the colony.

Tip the colony

Manifesto