YouTuber KSI Just Flushed $3 Million Down The Toilet In A Day Thanks To A Horrifically-Timed Crypto Bet

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KSI is a British YouTuber who might be best-known to non-YouTube watchers like myself for his rivalry with Logan Paul. Or perhaps it was Jake Paul. I do not know and I do not care. Regardless, the rivalry resulted in two Pay Per View boxing matches that have been certainly watched by thousands and thousands of individuals world wide. Tens of thousands and thousands if you happen to depend the unlawful streamers. I didn’t watch both match and I’ve zero curiosity in wanting up the outcomes. The foremost loser in my opinion is society, for getting to some extent the place two random YouTubers are in a position to persuade thousands and thousands of individuals to pay good cash to look at them field.

This is what I do find out about KSI’s boxing matches: For the primary match KSI earned $2 million by way of PPV buys, merchandise and ticket gross sales. For the rematch, he earned $3 million. That is a complete of $5 million combating I am undecided which Paul brother. Let’s simply say, KSI earned $5 million combating “Jogan Paul.”

After taxes KSI in all probability walked away with round $2.5 million.

That is $2.5 million earned off two extraordinarily troublesome bodily occasions orchestrated with the assistance of a whole bunch of individuals over hundreds of mixed hours.

Quick ahead to the current and KSI simply flushed $2.8 million down the bathroom in a day due to a horrifically-timed crypto wager. Whoops.

(Photograph by Anthony Devlin/Getty Pictures for BAUER)

Luna Crash

Luna is a cryptocurrency that’s one way or the other related to one thing referred to as Terra. That is so far as I’ll go on that. Not investing one other ounce of my life attempting to grasp or care about Luna or Terra.

Between January and April, the worth of Luna largely fluctuated between $80 and $100 per… coin? Per Luna? Per Loon? I do not know and I do not care. There was a fairly brutal dip for many of February when the worth dropped into the $50s.

Beneath is the final worth vary of a single Luna lately:

  • Could 5: $80
  • Could 6: $76
  • Could 7: $65
  • Could 8: $62

On Could 9, Luna begins going a bit of sideways. The worth begins the day round $60 and ends the day round $30… touching as little as $25.

On Could 10 the slide continued. Between midnight and 11am, Luna was firmly within the $30 vary. That is the vary when KSI determined it was time to purchase the dip. We all know this as a result of on Could 10 KSI Tweeted that he purchased 100,000 Luna and in a later Tweet he shared a screenshot exhibiting these 100,000 Lunas price him…

$2,965,936

If he spent $2.9 million shopping for 100,000 Luna on Could 10, that backs into him shopping for within the $29 worth vary.

Massacre

Sadly for KSI, by the top of the day on Could 10, a single Luna was buying and selling for round $8.

However the massacre was simply getting began.

Beneath is a one month worth chart of Luna. I’ve added a line to mark the purpose the place KSI invested $2.9 million:

What you’re seeing is KSI “shopping for the dip” at $30, adopted by a direct drop to $2, then $1… As of this writing, the worth of a Luna is:

$0.0047

On the above worth, KSI’s 100,000 Lunas – which he purchased on Could 10 for $2.95 million at the moment are formally value…

$470

That is not a typo. I didn’t neglect any zeros. From $2.95 million to $470 in a few day. Which may go down in historical past as one of the vital poorly-timed investments of all time.

One thing tells me we’ll be seeing a KSI/Jogan Paul rematch announcement within the close to future!


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