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.
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 dropped to almost zero from $62 on May 9.
KSI’s Investments See Zero
LUNA was trading between $25 and $30 on Tuesday, while KSI announced that it was buying bottom and thinking long-term, hoping the crypto-asset will recover in a few years. 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.
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