XLM Slides Past Major Support Despite Strengthening Institutional Engagement

Stellar XLM Pulls Back on Institutional Selling, Partnerships Highlight Growth Potential

XLM slid 3.58% to $0.39 amid heavy institutional selling, briefly breaking $0.40 support. Trading activity exceeded 22.33 million tokens, reflecting concentrated flows in overnight sessions.

Analysts highlight the formation of lower highs, indicating persistent downside pressure, though late-session buying stabilized the price.

On the adoption front, Stellar continues to attract institutional activity. Centrifuge deployed a $20 million tokenized real-world assets initiative, Mercado Bitcoin announced a $200 million program, and PayPal’s USD stablecoin went live, expanding the network’s institutional footprint.