Terra (LUNA) trading volume surge 200% as market adjusts to death spiral -Breaking
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Terra (LUNA), market volume jumps 2000% after market adapts to death spiralThe () took seven days to complete.LUNAThe prices crashed from nearly $0 to $85 to 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.
LUNA investors mirrored CoinGecko’s price decline as a consequence of UST depegging. This had the effect of crashing the LUNA marketplace. Recorded the decline of trading volumes to $178.6 million on May 13 — a number that was last seen in February 2021.
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