The past week has been quite hectic with Terra’s (LUNA) UST stablecoin leaving the dollar stablecoin. Falling UST below $1 also lowered the price of LUNA. Well, in this case, which coins did Turkish investors research the most? Here is the list…
Turkish investors mostly searched for Terra (LUNA)
CoinGecko, one of the famous crypto money data platforms, stated that investors in Turkey, in a certain period of time on the platform makes a list of which coins you research most. According to the CoinGecko list shared with Kriptokoin.com, the most researched coin by investors during the week of May 7-13 was Terra (LUNA), which surprised everyone with its 100 percent collapse. Also on the list is Terra USD (UST), which is linked to Terra and triggered the collapse by breaking out of the US dollar peg. Also on the list this week is Bitcoin, which frightened investors as it plummeted below $30,000 months later. Here is a list of the most searched:
- Terra (LUNA)
- Green Satoshi Token (GST)
- Step App (FITFI)
- Luffy (LUFFY)
- Bitcoin (BTC)
- TerraUSD (UST)
- ICHI (ICHI)
- Radio Caca (RACA)
- Avalanche (AVAX)
- NEAR Protocol (NEAR)
🧐Geride kalan haftada #Coingecko 'da en çok aranan 10 kripto para👇 pic.twitter.com/lannem7C3W
— Kriptokoin.com (@kriptokoin) May 13, 2022
What happened in the market? As we reported on
Kriptokoin.com , the changes in LUNA have unexpectedly stunned crypto investors. As it fluctuated in the market, other currencies also pulled down alongside it. Terra Luna (UST) was among the 20 most valuable cryptocurrencies until this week, with each token worth around $85 on May 5. In the early hours of May 11, it fell into a dangerous position, dropping to $17.38. Just one day later, on May 12, the coin lost close to 100 percent of its value and fell as low as $0.00002.
UST split from the dollar earlier this week and fell shortly after. Terra creators Do Kwon, founder of Terraform Labs, took to the situation via social media. He told investors he was “close to announcing a bailout” and asked his followers to “hold tight”. In a follow-up Twitter thread, Terra praised the ecosystem and promised that the currency would make a comeback.
