OnChain Capital CEO Ran Neuner Revealed Losing $134M In 4 Days With LUNA Crash

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As a researcher, I have been deeply moved by Ran Neuner’s inspiring journey from millions to zero and back again in the crypto world. His resilience and ability to rise above adversity are truly commendable. It is a stark reminder that no one is immune to market fluctuations and financial losses, even the industry veterans like Ran.

Run Neuner, who serves as Co-founder and CEO at Onchain Capital, is well-recognized within the cryptocurrency sector. He’s famous for initiating Crypto Trader, a crypto-focused television program, on CNBC back in 2017. Piqued by his interest in finance, Run delved into cryptocurrencies in 2015 and honed his marketing skills along the way. His investment strategy not only amassed millions for him but also established a platform to guide others to similar successes. However, an unfortunate event, the LUNA crash, pushed him towards bankruptcy, a hardship he’s recently disclosed in detail.

Ran Neuner’s Journey From Millions To Zero

In a recent YouTube interview conducted by Raoul Pal, CEO of Real Vision, Ran Neuner shared his life journey, focusing on the events surrounding his bankruptcy and the impact of the LUNA crash on his subsequent rise and fall.

Since 2015, the CEO of Onchain Capital has been an active participant in the cryptocurrency world. Initially, he ventured into crypto investing and managed to accumulate substantial profits even during market downturns, known as bear runs. An influential tech-savvy acquaintance paved the way for his introduction to Bitcoin, which ultimately shaped his future professional path within the crypto industry.

In my journey as a crypto investor, I’ve found myself starting from scratch on three separate occasions. The first time was when I dived into the tech industry during the dot-com boom. Despite my efforts, my business didn’t survive the bubble burst.

Originally, he moved back to Africa and embarked on a profound, life-changing spiritual expedition with the intention of accomplishing something significant and impactful. It was during this time that the idea for Crypto Talk radio station Banter – a non-stop, all-year round YouTube channel – came to him.

He launched this on YouTube, sat with friends, talked about crypto, and helped others choose the right investment. By 2022, he invested more than 50% of his portfolio in LUNA, the popular stablecoin and LUNA-related projects. However, bad times knocked on the door with the LUNA crash, leaving him bankrupt and on zero again as he lost $134 Million in four days.

LUNA Was Going To Change Money

Prior to the collapse of LUNA, Onchain’s CEO held a strong conviction that LUNA would revolutionize the monetary system. He had allocated half of his investment portfolio towards this cryptocurrency and boasted about his wealth in an interview, using the term “filthy rich,” before its value plummeted to zero.

In the course of the interview, Ran Neuner disclosed his intention to purchase both yachts and private jets currently, and also mentioned that he has already acquired several vacation homes.

In those four crucial days, he suffered a catastrophic loss of all his possessions due to the crash. Yet, what gnaws at him most deeply is his decision to endorse LUNA within his circle, which ultimately resulted in numerous individuals mimicking his investment moves and, unfortunately, losing their money as a consequence.

1. I found myself in a dire situation since I had staked my Luna, leaving me unable to sell it. The market instability was extreme and the funding costs were unreasonable, so I couldn’t take any action.

Apart from suffering a defeat in LUNA, it seemed the entire market took a plunge, erasing all his other investments. In dismay, he confessed that even Bitcoin, altcoins, and every other asset he had painstakingly accumulated over the past five years were affected, leaving him with nothing.

Greed Became The Downfall For Ran Neuner

During the interviews, Raoul Pal posed an intriguing question: “Why did Ran persist in investing even though he was already incredibly wealthy?” To this, Ran responded that avarice drove him to carry on, but this wasn’t the primary motive. Instead, his conviction in LUNA and its role as the future of finance was the real reason behind his continued investment.

He revealed that he believed in no other crypto than LUNA, as he was sure of LUNA’s success more than Bitcoin and any other altcoins. Bitcoin is the biggest cryptocurrency in the market, with BTC price rising to as high as $73K, but Ran’s trust was in LUNA, which left him in bankruptcy.

Ran Neuner initially made a significant error by not following the rule of diversifying investments across various assets. However, he learned from this mistake and now strictly adheres to it. Previously, he expressed doubts about Solana, but has since become a strong advocate for it, even though its market price has fallen. Yet, despite his positive feelings towards this cryptocurrency, he has never invested a large portion of his funds in a single crypto.

Final Thoughts

2022 saw LUNA reaching its zenith for me, trading roughly at $119.18. However, it plummeted dramatically, resulting in substantial losses for investors like myself. Currently, the price of LUNC stands at a mere $0.00007867 and shows no signs of returning to its former glory. Similar to many others, I, Ran Neuner, CEO of OnChain Capital, suffered a loss of $134 Million due to the LUNA crash. My portfolio, comprising over 50%, was invested in this cryptocurrency. Recently, I shared my life’s journey on Paul Pal’s The Journey YouTube video, where I spoke about three pivotal events that led me to bankruptcy and my subsequent resurgence in the crypto industry.

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2024-09-03 12:10