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Fantom [FTM] trumps TerraUSD [UST] as investors were dumbfounded by…

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ambcrypto.com

The impact of Terra’s downfall continues to send shockwaves across the crypto space with altcoins trying to recover from the Crash of 9 and 11 May.

Most of the altcoins have somehow managed to look north, however, one that has completely failed is Fantom. The cryptocurrency went south on 14 May and invalidated all attempts of recovery made on 13 May.After climbing the charts by almost 45% at its peak, FTM was trading at $0.43 before being taken down by the developments in its ecosystem.Fantom price action | Source: TradingView – AMBCryptoIt’s worthy to note here that one of the top 10 protocols on the chain, SpiritSwap, a decentralized exchange, became the victim of a major hack as the protocol’s domain was hijacked due to an exploit in GoDaddy.

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