Well-known YouTuber and rapper JJ Olatunji, better known as KSI, took to Twitter on Thursday that his $2.8 million investment in Terra (LUNA) has fallen to $1,000 in a day.
On Wednesday, he shared how he feels about his big loss on his second Twitter account where he only talks about crypto. He wrote:
†I just put $2.8 million into that LUNA and it’s worth less than $50,000. But that’s okay, because I’m not dead. I have my family, my friends and my strong work ethic haha††
About 12 hours later, he posted another update about his loss on Twitter:
My 2.8 million dollars is literally worth $1000
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHA Yeah I’m packing this in pic.twitter.com/qeiVN5yG2w
— KSICRYPTO (@ksicrypto) May 12, 2022
KSI loses more due to cryptocurrencies
However, this was not the first time that the rapper has lost a lot of money in the cryptocurrency sector. At the beginning of this year, he revealed that he had already lost $5.1 million in 2021 by trading leveraged crypto. leverage trading† Here you borrow money from the broker to take larger positions than you could with your own money. Now he strongly advises against this.
On Twitter, of course, the YouTuber got a lot of reactions to his losses. Some users even indicated that it could possibly indicate a gambling addiction. KSI said the following:
“I definitely have one lmao, I’m going to fix that slowly. Crypto doesn’t help my addiction†
This means that KSI has already made a loss of about $7.9 million in this sector. However, this has not bothered him and he has also discussed this with his therapist. Because of this, he has discovered that he has focused too much on money and has slowly destroyed the things that are really important in life. He’s going to work on this.
After the LUNA crash, more investors have experienced depression, which you can read more about here.