- It is the fifth most important youtuber in the world by income.
- He bought Terra (LUNA) at almost $100 per token and if he sold them now he wouldn’t make more than $4.
- The Luna Foundation Guard project, a body that acts as administrator of the UST stablecoin, is in search of a rescue that seems impossible.
English influencer Olajide Olayinka Williams Olatuni made a strong purchase of cryptocurrencies in early May 2022.
Among other digital assets, the youtuber acquired 2.8 million dollars in Terra (LUNA), a cryptocurrency whose value plummeted to almost zero in less than 48 hours after the stablecoin associated with the project (UST) lost its parity with the dollar. .
Thus, of the almost 3 million he had (2.8 million to be precise), now he has no more than 4. It is that he bought each LUNA token at more than 95 dollars and, if he sold them this May 19, when they are worth 0 .00013, not even enough for a McDonalds menu.
Williams Olatuni, better known as KSICryptoHe recounted his experience on his Twitter account. He says that he bought when the cryptocurrency was almost $100.
KSICrypto says that he thought he had made a good investment, however, not only was it not a good one, but his millions vanished overnight.
The collapse of cryptocurrencies occurred in a general way. All, hand in hand with Bitcoin, they lost about 50 percent of their value.
But the case of the LUNA token was the most serious, since the loss of value was greater than 99 percent and nothing suggests that it can recover.
The youtuber lost almost US $ 3 million in cryptocurrency
The truth is that KSICrypto does not seem very concerned about the millions it lost.
Much has to do with being one of the most famous influencers in Europe. His content is viewed by millions every day and he is ranked in the top 5 highest paid youtubers in the world.
It has famous partners in the world of sports, such as boxer Logan Paul.
What happened to the price of cryptocurrencies
The debacle of the value of Terra (project behind the LUNA tokens) was unprecedented, although it is more common than is thought in the crypto world.
The digital currency went from a capitalization of $38 billion in April to $4 million this week, and it continues to fall.
As we reported last week at Merca20, on Reddit, investors from all over the world tell of their misadventures.
“I lost all my life savings,” described one of the members of the r/TerraLuna subReddit. “I had bought Luna at 85, I don’t know what I’ll do,” he added, regretting not having sold at 120, a price he reached before falling into the void.
Another Reddit user claimed to have lost more than $15,000 after failing to sell his Terra Luna tokens for $100.
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