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Terra (LUNA) trading volume surge 200% as market adjusts to death spiral By Cointelegraph

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IntroductionTerra (LUNA) trading volume surge 200% as market adjusts to death spiralIt took just seven days for ...

Terra (LUNA) trading volume surge 200% as market adjusts to death spiralTerra (LUNA) trading volume surge 200% as market adjusts to death spiral

It took just seven days for the Terra (LUNA) ecosystem to spiral down as prices came crashing from $85 on Ranking of regular domestic foreign exchange platformsMay 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.

Terra (LUNA) trading volume surge 200% as market adjusts to death spiral By Cointelegraph

Falling trading volume of LUNA. Source: CoinGecko
LUNA trading volume comeback. Source: CoinGecko
Terra's (LUNA) all-time high trading volume. Source: CoinGecko

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