According to CoinMarketCap data, Terra’s $LUNA token has nosedived over 98% from its all-time high nearly three years ago. Yet, despite this dramatic decline, trading activity remains significant, with over $21 million in trading volume recorded in the past 24 hours.
Why Are Investors Still Trading LUNA?
Crypto analyst Optimus KevTron believes that even though many consider LUNA to be "dead," the market activity suggests otherwise. Here’s what could be fueling continued interest:
✅ Speculative Trading: Some traders see LUNA as a potential comeback story and are betting on price fluctuations. ✅ Short-Term Gains: High volatility often attracts day traders looking for quick profits. ✅ Community Resilience: Terra’s ecosystem still has active supporters, keeping the token in circulation.
Current Price: $0.2089 (+0.57%)
The big question remains: Is LUNA’s trading volume a sign of hope or just short-term speculation? Share your thoughts!
