AVAX falls to its lowest level since last August, following a 30% decline on Wednesday.
The cryptocurrency market cap is currently down 6.35%, as traders continued to digest the recent crash in the price of LUNA and UST.Solana was down by over 20% during Wednesday’s trading session, as the bear market caused by the crash in LUNA continued to send shock waves through the markets.This drop in price is the biggest one day move this year, and has sent SOL to its lowest level since August last year.
Despite earlier losses easing, price was still down 24.30% from yesterday’s peak, with traders still looking to find a stable support point.Aside from LUNA, which fell by over 90% in today’s session, AVAX was another notable mover, as it dropped by over 30% today. As a result of the move, AVAX/USD fell to its lowest level in nearly nine months, as prices almost dropped below $20.Overall, AVAX has dropped by over $70 since the start of April, with today’s floor the lowest level prices have been since last August.
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