# Paper Hand Pandemonium

By [fttftx.eth](https://paragraph.com/@fttftx) · 2022-05-26

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While market conditions were extremely tough, with bearish sentiment gripping the wider crypto community, last week was even more painful for some. The cataclysmic crash of [LUNA](https://www.coingecko.com/en/coins/terra-luna) and [UST](https://www.coingecko.com/en/coins/terra-usd) sent shockwaves throughout the crypto space, and NFT traders were not spared, as the crypto sell-off has also significantly impacted their beloved JPEGs. Read on as we dissect how the recent market dip has affected the general NFT market.

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*Originally published on [fttftx.eth](https://paragraph.com/@fttftx/paper-hand-pandemonium)*