According to Foresight News , former Reddit CEO Yishan Wong clarified his relationship with the Bags ecosystem fan token TERRA on the X platform. Yishan initially stated he had no connection to the token and mistakenly identified it as the Terra (LUNA) project. After community members explained that the token was a fan token issued by Bags for Yishan's environmental project, Terraformation, and that the associated fees would be donated to support his environmental cause, Yishan changed his stance and expressed his support. Yishan subsequently stated that he would claim any fees generated by the token in the future and use them for environmental activities such as tree planting.
According to GMGN, TERRA's market capitalization is currently $3 million. Foresight News reminds investors that Meme tokens are highly volatile; please invest with caution.
