JJ “KSI” Olatunji, the unofficial face of the UK online, has tweeted devastating news of a $2.8 million crypto buy-in. Now valued at just over $1000.
As the bubble really bursts in a market insane for crypto investors, thousands of people are finding investments that are down 80-90% or more.
Although KSI has proven that he can lose money even at the best of times, he has been posting updates on recently KSICRPYTOhis cryptocurrency-focused Twitter account, about a $2.8 million move he made with LUNA.
Posting on May 11, JJ began the story of his money’s demise by saying, “In total I bought about 100,000 Luna. Put it in a wallet and see what happens in a few years. Might be the best/worst trade of my life.”
— KSICRYPTO (@ksicrypto) May 11, 2022
The coin in question, LUNA, which KSI bet the mammoth on, has become the archetypal loss story in the digital currency world in the days since its public endorsement.
After peaking at $116 in April, the coin was down to just a penny on Thursday, May 12 and is still crashing. It currently sits at 1/10th of a cent at the time of writing.
KSI described how this incredible decline in value affected him on an emotional level, writing with the wisdom of a man who’s previously gone through similar declines.
“Before crypto, money was a driving force in my mindset,” explained the YouTube star. “During my time I made a lot of money and lost a lot of money. I went from euphoric to depressed. But I soon became deaf and realized that money just isn’t everything.”
JJ continued to spread wisdom about his loss experience and dropped truth bombs on his Twitter followers. I’ll go so far as to say, “I’m finally at peace with myself. I just put 2.8 million into this Luna purchase and it’s worth less than 50,000. But that’s ok because I’m not dead.”
Like I’m just in a better place than last year. I guess you’ll see it in the document, but last year I was so lifeless.
But whatever, I learned a lot during this crypto phase. Was a lost soul before, and now I’m more focused and happier than ever
— KSICRYPTO (@ksicrypto) May 12, 2022
The stunning positivity in the face of the overwhelming loss is a bright light amidst a sea of people who have lost in the recent crypto crash, but it is also the words of a man who can afford to lose almost $3 million overnight and stay clothed, protected and fed.
Less than 48 hours after his initial announcement of the best/worst trade of his life, KSI issued a final update and posted a picture of his LUNA’s value at $1017.94 while claiming to be done with it:
“My $2.8 million is literally worth $1,000,” he said, laughing. “Yeah, I’ll pack that.”
https://www.dexerto.com/entertainment/ksi-explains-finally-at-peace-multimillion-losses-in-cryptocurrency-1822782/ KSI Explains Why He’s “Finally At Peace” With Multi-Million Cryptocurrency Losses