XLM Gains Momentum with 2.3% Increase Amid Institutional Support

Stellar’s XLM token remained firm at $0.36, driven by strong institutional participation and growing corporate engagement in blockchain-based financial infrastructure.

Stable Price Action
From September 7, 09:00 to September 8, 08:00, XLM rose 2.32%, moving from $0.36 to $0.37. Trading remained in a narrow $0.01 band, reflecting 2.66% intraday volatility and highlighting steady market behavior.

Institutional Activity Supports Gains
Trading peaked at 129.15 million tokens at 14:00 on September 7, far exceeding the 24-hour average, signaling robust institutional buying. Analysts note that maintaining support above $0.36 demonstrates continued accumulation and confidence in the token.

Corporate Developments Boost Momentum
Paxos’ entry into Stellar’s ecosystem marks a strategic development. Leveraging its decade-long experience in regulated stablecoin issuance and the acquisition of Molecular Labs, Paxos is preparing USDH to comply with both the GENIUS Act and Europe’s MiCA regulations.

Technical Highlights

• Support at $0.36 and resistance at $0.37, forming an upward-trending consolidation channel.
• Consistent institutional buying above 600,000 units across multiple intervals.
• Final hour trading saw volumes exceed 2.5 million units, supporting the advance to $0.37.
• A breakout above $0.37 could pave the way for additional upside, underpinned by institutional flows and corporate adoption.