XLM Tumbles 8% on Institutional Outflows Amid Volatile Conditions

XLM Retreats on Market Uncertainty, But Adoption Tailwinds Remain
Stellar’s XLM token dropped from $0.39 to $0.36 as institutions pared risk exposure, driving volumes above 41.89 million tokens. The sharpest intraday slide came just after 1:30 p.m. ET on Aug. 29, before buyers stepped in to steady the market.

A final-hour rebound lifted XLM 1.27%, hinting at accumulation interest from corporate treasuries. A Stellar spokesperson emphasized that the turbulence reflected “market sentiment, not fundamentals,” highlighting continued wallet growth and strategic partnerships with MoneyGram and Circle.

Analysts caution that until $0.373 resistance is cleared, price action may remain range-bound, with $0.357 support the key level to watch.