Terra’s collapse caused great trouble in the crypto industry, while the famous rapper was also affected by this collapse.
Famous YouTuber and rapper JJ Olatunji, known as KSI, announced that he lost $2.8 million from his LUNA investment.
Man bought the dip and lost 😂 pic.twitter.com/egkE1ObM6Z
— KSICRYPTO (@ksicrypto) May 12, 2022
Terra ecosystem token LNA, Terra’s algorithmic stablecoin UST’s $1 stablecoin Designed for protection. But LUNA suffered a major disaster when the stablecoin dropped below 40 cents. The asset’s value has dropped to almost zero from $62 on May 9.
KSI’s Investments Break Zero
LUNA traded between $25-$30 on Tuesday, while KSI bought the bottom and hopes the crypto-asset will recover in a few years. He explained what he was thinking. He said he had purchased 100,000 LUNAs worth about $2.9 million at the time.
But after almost 48 hours he said he lost all the money. At the time of writing, their investments are nearly worthless.
LUNA is trading at $0.00008135 at the time of writing, according to CoinMarketCap data.
