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LUNA explodes 150% in an hour as volatility surges

                                                            LUNA – die Cryptowährung hinter dem Terra-Ökosystem – durchläuft zum Zeitpunkt des Verfassens dieses Artikels eine große Volatilität.

In the last hour alone, LUNA’s price has skyrocketed by a whopping 150%, reaching nearly $5. The movement came with a significant volume compared to that of the previous days.

  • The price of LUNA exploded a staggering 150% in about an hour and is currently trading around $4.7 as can be seen from the chart below.

LUNA explodes 150% in an hour as volatility surges, Crypto Trading News Binance via TradingView

  • It is also evident that volatility has increased tremendously as the subsequent candle also had an amplitude of around 20%.
  • This resulted in a significant number of liquidations for that particular cryptocurrency. Almost $7 million in leveraged positions were wiped out of the market in less than an hour.
  • It’s also worth noting that the move just after LUNC — the cryptocurrency that powers the classic version of the Terra ecosystem — has skyrocketed by about 100% weekly.
  • the latter happened because major exchanges like KuCoin and GateIO have expanded support for the protocol’s tax-burning mechanism.

Source: Crypto News Deutsch

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