Terra (LUNA) Trading Volume Spike 200% as Market Correct To a Death Spiral
Despite the risk in Terra’s trade, Terra’s insane volatility still serves as an attractive market for many short-term investors – majorly because LUNA momentarily gained 600% in value on May 14th.
It required just 7 days for the Terra (LUNA) ecosystem to spiral down as prices came crashing from $85 on May 12th. As the market slowly got clarity on what transpired, the trading volume of LUNA witnessed a steep recovery roughly above 200% over the weekend.
Read Also: Ways To Avoid Whales From taking Over Staking Discloses By The C0-Founder, Vitalik Buterin
Because of UST de-pegging which crashed the LUNA market, LUNA investors reflected the price dip as CoinGecko recorded the decline of trading volumes to $178.6 million recorded the fall down of trading volumes to $178.6 millio...