Aave Core Member and Polygon Labs CEO Bet $50,000 on Polygon’s New Token Launch, Wagering That Its Market Cap Will Decline Rather Than Rise

Odaily Planet Daily News: Aave core member Marc Zeller posted on X yesterday, stating that when an ecosystem introduces a second token, the combined market capitalization of the two will eventually be lower than that of the original token. For example, after Polygon launched POL, Katana Network is also set to issue a new token, KAT, and it is expected that the combined market cap of the two will be less than POL’s initial market cap.
This statement drew dissatisfaction from Polygon Labs CEO Marc Boiron. After a heated discussion, the two agreed to a $50,000 bet on whether, six months from now (on Christmas night), the combined market cap of POL and KAT will be lower than POL’s market cap at the time Katana’s plan was officially announced.