Terra's cryptocurrency LUNA faced a decline in popularity and bearish indicators in June, which continued into Q3 despite promising developments and governance updates. The release of Warp Protocol, plans to go interchain, and the passing of two governance proposals in Q2 did not prevent LUNA's price from plummeting due to negative sentiment and declining social volume. As Terra's Open Interest rises, the declining trend may persist.
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Terra’s Cryptocurrency LUNA Experiences Decline in Popularity and Bearish Indicators
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