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

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Terra (LUNA), trading volume rises 200% due to market adjustment to the death spiral

Only seven days were required for (LUNAThe prices crashed from nearly $0 to $85 on Thursday to $85 May 5, causing the ecosystem to collapse. Over the weekend, LUNA’s trading volume saw a dramatic recovery of 200% as the market began to understand what had happened.

Due to TerraUSD (UST), which crashed the LUNA markets, LUNA investors mirrored CoinGecko’s price drop. Recorded the decline of trading volumes to $178.6 million on Friday — a number that was last seen in February 2021.

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