How SushiSwap [SUSHI] managed to pull a Terra before it was cool - Aliens: AI Crypto News & Markets Updates
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How SushiSwap [SUSHI] managed to pull a Terra before it was cool

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AMB Crypto

Mon, May 23, 2022

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Aliens TLDR

Marking a 95.24% decline, SUSHI investors are suffering losses higher than most of the existing coins.

Of these 84k addresses, 1.03k addresses are those poor investors who bought during the hype at the time when SUSHI was trading at its highest.

This month SushiSwap only marked 26.8k new users, and only 32.5k old users were still active in May 2022.

Even so, the volatility observed in the market in the last few weeks certainly triggered a lot of investors to move their holdings around, be it for the better or worse.

Consequently, SushiSwap has already observed assets worth $3.32 billion being transacted on the DEX this month and is expected to draw in another $1.15 billion in volume before the end of the month.

Given the uncertainty surrounding the crypto market, even DEXes can’t be expected to perform well month-on-month, which is the case with SushiSwap.

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