“This Is Nothing” – Logan Paul Issues a Shocking Statement After KSI Loses $3 Million and He Loses $500,000 in Crypto

Published 05/18/2022, 10:00 AM EDT

Social media’s favorite, Logan Paul, has been an exponent of the crypto game. Meanwhile, Paul revealed how much money his partner KSI and himself lost on crypto.

Logan Paul was talking on his ‘Impaulsive‘ podcast, along with co-hosts Mike Majlak and George Janko. The trio was talking about the recent crypto crash. In fact, they gave emphasis on the massive drop in the Luna coin.

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Talking about the fall, Majlak said, “The same hype that could drive up the crypto market is the hype that can destroy it.”

He further added, “None of crypto, like normal stock or real estate, is backed by any kind of tangible good.”

MIAMI, FL – JUNE 6: Logan Paul meets with the press following the Mayweather vs Paul: Bragging Rights boxing event on June 06, 2021, at Hard Rock Stadium in Miami, Florida. (Photo by Louis Grasse/PxImages/Icon Sportswire via Getty Images)

Moreover, Majlak also mentioned how this would also affect NFTs and the projects that they are launching.

Paul responded by saying, “It’s not a great time to be fully involved in crypto. Especially if you were involved in Luna, KSI, my business partner in prime, lost 3 million dollars, gone. I personally have lost half a million this far.”

However, he added, “I will say though, If you believe in the tech and you believe in the function of cryptocurrency and you zoom out and go super macro, this is nothing.”

Paul also mentioned that emotions should be removed from the cryptocurrency game and the focus should be on a long-term victory.

The NFT game with Logan Paul

‘The Maverick’ has found commendable success after starting his NFT project ‘99 Originals‘. In fact, he was able to sell 8 of his polaroid NFTs.

Paul recently sold ‘Original #4’ featuring comedy duo Cheech & Chong for 12 ETH (USD 24, 504).

‘Original #92’ sold for 13 ETH or USD 26,230. Notably, it featured the Cannibal Islands Voxel Project on Minecraft.

Another interesting NFT is the ‘Original #85’, which featured the last Blockbuster store. Moreover, it sold for 30.5 ETH or USD 63,652.

However, ‘Original #14’ hit the bank just right. The NFT featuring the Bored Ape sold for 46.5 ETH which translates to a whopping USD 104,557.

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Similarly, ‘Original #41’ was also a favorable trip to the bank, making Paul 37.69 ETH, which is $79,000 richer approximately. Notably, the NFT was a play on the fact that Paul was born on April 1.

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What do you think of Paul’s statement? Let us know in the comments below.

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Joshua Ben Joseph

459 articles

Joshua Ben Joseph is a Boxing writer for EssentiallySports. He started his career as an editorial cartoonist and holds a BFA degree with a specialization in Animated Filmmaking and Screenwriting from AISFM, Hyderabad. An avid lover of boxing history, Joshua believes his writing extends his lifelong adoration for combat sports.

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