Trading volume for Terra (LUNA) increased by 200% following the crazy drop

The Terra (LUNA) ecosystem spiraled down in just seven days, with prices plummeting from $85 on May 5 to virtually $0 on May 12.


Terra Luna is up 600%

As the market began to understand what had happened, the trading volume of LUNA increased by almost 200% over the weekend.


As a result of the UST de-pegging, which destroyed the LUNA market, LUNA investors followed suit, with CoinMarketCap reporting a drop in trade volumes to $178.6 million on May 13 – the lowest level since February 2021.


On the same day that he offered a revival plan for Terra's recovery, Terraform Labs CEO and co-founder Do Kwon sought damage control by rewarding UST and LUNA holders for holding the tokens during the crash.


Despite the hazards, Terra's 'crazy volatility' appeals to many short-term investors, owing to the fact that LUNA surged 600% in value on May 14.


The trading volume of LUNA increased by nearly 200% to $6 billion as investors try to recoup their losses and others try to profit from Terra's rebound.


Over the previous two years, the LUNA ecosystem consistently registered over $2 billion in trade volumes until the crisis.