Pantera Capital’s decision to book profits at 100x gains came from their risk management principles and fund rebalancing.
CMCC Global said that their decision to sell LUNA was majorly due to the regulatory issues and concerns around UST stablecoin.
The Terra ecosystem crash earlier this month wiped out over $60 billion of investors’ wealth in total. Several retail and institutional players lost a fortune in this Terra crash, however, some investors were lucky enough to take an exit right before the collapse.
A CNBC report shares some of the companies that made a fortune from Terra. For e.g. Venture Capital giant Pantera Capital has made a fortune and nearly 100x return on its $1.7 million investment in LUNA. Hack VC took an exit last December 2021 when LUNA was around its all-time high above $100.
Similarly, Winklevoss-backed GMCC Global made an exit in Mach 2022, however, didn’t share their exact gains. Speaking to CNBC, Pantera Capital’s co-chief investment officer Joey Kr
