BlockNews
  • CRYPTO
  • FINANCE
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • CRYPTO
  • FINANCE
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews
Home BUSINESS

JailKwon: New Meme Token Wants Terra’s Founder Jailed

by BlockNews Team
September 15, 2022
in BUSINESS, CRYPTO, Social
A A
JailKwon: New Meme Token Wants Terra’s Founder Jailed
1
SHARES
Share on XShare on RedditTelegram

Who Is Do Kwon?

In a video posted on June 26 to its YouTube channel that has, at the time of writing this article, get up to 329,560 views, the hacktivist group Anonymous has pledged to make sure that Do Kwon gets brought to justice as soon as possible. 

This pledge was made considering the collapse of the Terra (LUNA) and TerraUSD (UST) ecosystem back in May 2022.

This would lead one to wonder who Do Kwon is and why the collapse of these cryptocurrency ecosystems would cause the Anonymous group to want to bring him in, and here’s the answer:

Do Kwon (born Kwon Do-Hyung to South Korean parents) is a cryptocurrency developer and a co-founder/CEO of the Singapore-based Terraform Labs, the unlicensed company behind the Terra blockchain, which features the stablecoin TerraUSD (UST) and network token Terra (LUNA). 

The collapse of these two in May 2022 led to a wipeout of almost $45 billion in market capitalization over a week, leading to South Korean authorities issuing an arrest warrant for the CEO. 

How A Meme Token Has Kept the Hunt Going

A new cryptocurrency project called “JailKwon” has gone live on BNB Chain since September 3, months after Terra’s spectacular collapse.

Aiming to be the first “educate-to-earn” cryptocurrency token, it is tradable on PancakeSwap on a mission to “educate and innovate.” The release of this token comes after authorities have yet to apprehend the infamous former Terra leader.

The project has mentioned that it will use the profits garnered to proffer personalized educational classes on crypto safety, market analysis, and profitable investments. As laudable as this all sounds, the project is still relatively tight-lipped on how it seeks to carry out these plans. 

The platform looks to ride on the coattails of Kwon’s infamy to grant the token an eternity of “free marketing and spontaneous pumps,” It sure does seem to be doing that well, as it was up by 163.6% in the last 24 hours according to Live Coin Watch.

Loud Voices and The Reality of Meme Tokens

JailKwon (JKWON) has some laudable noble intentions based on what it claims to offer; however, if the trend of most past meme coins is anything to go by, the token could be facing some difficulty in delivering on all it has promised as public awareness of it fades.

Suppose the statement “every time you see or hear Do Kwon, LUNA, LUNC, the Jail Kwon token will never be far from thought” is to be taken to heart. In that case, this meme token could grow to become the little token that could, considering the amount of hype already being generated.

Conclusion

JailKwon (JKWON) has placed its long-term plans in the fickle nature of public awareness and counts on the initial hype to see it live past the average meme token while helping justice to run its course against the former CEO of Terraform Labs, Do Kwon.

With its current trend analysis on the market, either one of the two will inevitably happen, and it will just be a matter of time. The real miracle, however, would be the slim chance of both happening, but this meme token believes in the miraculous. 

Tags: BlockchaincryptoWeb3
TweetShareShareShare

DON'T MISS THESE! HOT OFF THE PRESS

Pi Network Hype Builds, But Is $10 Really on the Table?
CRYPTO

Pi Network Hype Builds, But Is $10 Really on the Table?

June 22, 2025
What’s Holding Shiba Inu Back? (Spoiler: It’s Not Just the Supply)
CRYPTO

What’s Holding Shiba Inu Back? (Spoiler: It’s Not Just the Supply)

June 22, 2025
ADA ETF Odds Surge as Polymarket Bets Big — Could Cardano Be Next?
Cardano

ADA ETF Odds Surge as Polymarket Bets Big — Could Cardano Be Next?

June 22, 2025
XRP vs. Ethereum: Where Would You Throw $5K Right Now?
CRYPTO

XRP vs. Ethereum: Where Would You Throw $5K Right Now?

June 22, 2025
SUI Chart Breaks Down: Is This Just the Beginning of a Bigger Slide?
CRYPTO

SUI Chart Breaks Down: Is This Just the Beginning of a Bigger Slide?

June 22, 2025
Solana Breaks Down — Is $106 Next?
CRYPTO

Solana Breaks Down — Is $106 Next?

June 22, 2025
Load More

Related News

Pi Network Hype Builds, But Is $10 Really on the Table?

Pi Network Hype Builds, But Is $10 Really on the Table?

June 22, 2025
What’s Holding Shiba Inu Back? (Spoiler: It’s Not Just the Supply)

What’s Holding Shiba Inu Back? (Spoiler: It’s Not Just the Supply)

June 22, 2025
ADA ETF Odds Surge as Polymarket Bets Big — Could Cardano Be Next?

ADA ETF Odds Surge as Polymarket Bets Big — Could Cardano Be Next?

June 22, 2025
XRP vs. Ethereum: Where Would You Throw $5K Right Now?

XRP vs. Ethereum: Where Would You Throw $5K Right Now?

June 22, 2025
SUI Chart Breaks Down: Is This Just the Beginning of a Bigger Slide?

SUI Chart Breaks Down: Is This Just the Beginning of a Bigger Slide?

June 22, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • CRYPTO
  • Memecoins
  • Technology
  • Politics
  • FINANCE
  • NFT
  • DEFI
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.