After the Terra Luna collapse, crypto fundraising recorded a significant slowdown, not surpassing the $3 billion mark. However, this trend reversed in October 2024, when fundraising attained a 28-month peak of $2.45 billion, indicating a bullish market trend.
According to CryptoRank, the increase represents a 264% spike with significant contributions from Animoca Brands. This resurgence showcases renewed investor confidence and optimism within the crypto industry, marking a contrast to the bearish sentiment prevalent since the Terra Luna incident.
