The Terra (LUNA) cryptocurrency market has seen positive changes in the last 24 hours – the trading volume and price of the asset more than doubled.
The LUNA exchange rate went into tatters on May 9 and on Friday it fell almost to zero, to be exact, to $ 0.0000083. However, the bearish trend died out, and the market reversed. In less than two days, the price of the coin increased tens of times and reached $0.00059 (on the FTX exchange). At that, for the last day the asset went up in price by more than 100%.
LUNA rate correction after the end of the dump
During the last 24 hours, Terra’s trading volume soared by 212% to $8.1 billion. Binance accounted for 70% of coin turnover, KuCoin for 11% and FTX for 1%. Binance resumed trading in Terra on May 13 and warned traders of the high risk of buying the cryptocurrency due to the high level of volatility of the asset.
Some users of the Crypto.com exchange managed to earn up to 40,000% profit on the sale of LUNA due to an internal trading platform error, which led to an incorrect display of the coin’s price. However, on May 13, the company cancelled all transactions and suspended Terra trading. The service was restored on Saturday after the bug was fixed.