Terra (LUNA) trading volume surge 200% as market adjusts to death spiral
Cointelegraph
Published May 15, 2022 02:06AM ET
Updated May 16, 2022 04:00AM ET
It took just seven days for the Terra (LUNA) ecosystem to spiral down as prices came crashing from $85 on May 5 to nearly $0 on Thursday. As the market slowly gained clarity on what transpired, the trading volume of LUNA saw a steep recovery of over 200% over the weekend.
As a result of TerraUSD (UST) de-pegging, which crashed the LUNA market, LUNA investors mirrored the price dip as CoinGecko recorded the decline of trading volumes to $178.6 million on Friday — a number that was last seen in February 2021.
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Written By: Cointelegraph
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