WBTC supply on Ethereum dropped 35% since LUNA collapse

Wrapped Bitcoin (WBTC) supply on Ethereum (ETH) plunged by over 35% to 183,450 since Terra (LUNA) collapsed in May 2022, according to Glassnode data.

WBTC’s market cap fell to as low as $3.10 billion in December 2022 from a peak of $13.03 billion in April 2022, according to CryptoSlate data.

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