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JailKwon is a meme coin named after Terra’s leader, Do Kwon. The project says it plans to give one-to-one educational classes about crypto safety. The whitepaper claims that Kwon’s celebrity will provide the token with “free marketing and spontaneous pumps.”
“Free Marketing and Spontaneous Pumps”
Months after Terra’s spectacular collapse, the crypto community is still after Do Kwon. The latest outfit to hit out at the failed blockchain’s leader is a new cryptocurrency project called “JailKwon,” which went live on BNB Chain on September 3. Kwon became infamous in the crypto space in late 2021 and early 2022 as Terra showed strength despite a slump in the broader market. Both Kwon and Terra development company Terraform Labs are the subject of multiple lawsuits in South Korea and the United States. Like most other meme coins, it could suffer once the initial hype dies. Per CoinGecko data, JKWON is up 17.8% over the past 24 hours.
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