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Benzinga
Benzinga
Business
Samyuktha Sriram

AVAX In Terra's (LUNA) Reserves Is 'Immobilized,' Says Blockchain, As Token Declines 50% This Month

AVAX Terra blockchain Avalanche LFG

Avalanche (CRYPTO: AVAX) is down 50% month-to-date as uncertainty builds up around the fate of tokens lying in Terra’s (CRYPTO: LUNA) reserves.

What Happened: According to data from Benzinga Pro, AVAX dropped 18% from a high of $33.28 to a low of $27.72 on Thursday. The token is down 78% from its all-time high of $144 in November.

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