Terra (LUNA) shopping and selling quantity surge 200% as market adjusts to death spiral

Terra (LUNA) shopping and selling quantity surge 200% as market adjusts to death spiral

It took gorgeous seven days for the Terra (LUNA) ecosystem to spiral down as costs came crashing from $85 on May perchance well well 5 to almost $0 on May perchance well well 12. Because the market slowly acquired readability on what transpired, the shopping and selling quantity of LUNA saw a steep recovery of over 200% over the weekend.

As a outcomes of UST de-pegging, which crashed the LUNA market, LUNA merchants mirrored the associated rate dip as CoinGecko recorded the decline of shopping and selling volumes to $178.6 million on May perchance well well 13 — a number that turned into once closing viewed in February 2021.

Falling shopping and selling quantity of LUNA. Supply: CoinGecko
LUNA shopping and selling quantity comeback. Supply: CoinGecko
Terra’s (LUNA) all-time excessive shopping and selling quantity. Supply: CoinGecko

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