Stellar’s native token XLM experienced significant selling pressure in the recent trading session, dropping from $0.39 to $0.36 between August 28 at 3:00 PM and August 29 at 2:00 PM ET. Market data shows over 41.89 million XLM were traded, with selling pressures evident as large holders lowered their positions.

• Despite these challenges, Stellar’s ambitions persist, with the Stellar Development Foundation announcing nearly 10 million registered accounts and the addition of 5,000–6,000 new corporate wallets daily.

Investigations into the broader market indicate ongoing uncertainty in global trade policy is pressuring investments in blockchain-based payment solutions.

Key Points:

• Trading volumes reached 41.89 million XLM, and by the end of the session, XLM recovered slightly due to institutional support.
• Stellar’s corporate partnerships with MoneyGram International and Circle Internet Financial continue to facilitate wider adoption of its payment systems in cross-border transactions.

Analysts observed that on the afternoon of August 29, XLM experienced fluctuations, initially slipping 1.38%, before a rebound. The late investor interest underscored confidence in Stellar’s long-term relevance in financial infrastructures based on blockchain technology.

Market Insights

• Analysts noted a 7.74% drop from $0.39 to $0.36 during the trading period of August 28-29 with significant selling activity during European trading hours.
• Institutional buyers are showing a cautious interest but established resistance near the $0.373 level while support remained stable at $0.375 and $0.362 during the last trading phases.
• Final hour trading suggested accumulation strategies as institutional interests surfaced around prices near $0.357, reflecting potential recovery strategies.