XLM Slips 7.7% Despite Late Institutional Support
Stellar’s XLM token fell sharply in the past 24 hours, sliding from $0.39 to $0.36 as institutional selling dominated flows. Over 41.89 million tokens were traded, with volumes peaking during European hours on August 29.

The selloff drove XLM as low as $0.356, before institutional buyers stepped in, helping the token rebound to $0.361 by session close. Analysts noted a recovery of 1.27% in the final hour, suggesting some large holders viewed the dip as an accumulation opportunity.

Despite price volatility, Stellar’s adoption story remains firm. The network is nearing 10 million accounts, supported by corporate wallet growth and partnerships with MoneyGram and Circle.