LUNA has increased by a massive 250%

LUNA which is the cryptocurrency of the Terra ecosystem is going through huge fluctuations at the time of writing this article.

In the last hour alone, the price of the digital currency LUNA rose by a whopping 250% and reached $6 and is now trying to climb to the $7 level.

This move occurred in a large size compared to the previous days.

LUNA's price has surged an astonishing 250% in about an hour as it is currently trading at around $6.8.

It is clear that volatility has increased significantly, as the subsequent candle also has an amplitude of more than 80%.

This led to a large number of liquidations for the LUNA cryptocurrency.

In less than an hour, nearly $7 million in leveraged positions were wiped out of the market.

It is also worth noting that the move comes shortly after LUNC, the cryptocurrency that supports the classic version of the Terra ecosystem, surged almost 100% in a week.

The latter happened because major exchanges such as Binance KuCoin and GateIO provided support for the tax-burning mechanism of the coin.



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Hi @natalia-irish

I regret not having entered into buy when fear was the owner of the LUNA project, no doubt I would have taken good profits from these large fluctuations.

Best regards, be well.

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