Stellar Lumens Sees 3% Surge Ahead of Major Infrastructure Update

Stellar Lumens (XLM) Sees a 3% Increase

XLM prices rose 3% over the last 24 hours, moving past the $0.37 resistance level, thanks to significant trading volumes and strong institutional interest amidst a key network upgrade scheduled for September 3, 2025.

What You Need to Know:

Price Movement: XLM increased from $0.36 to $0.37, indicating healthy buying interest and strong trading volumes.
Service Suspensions: Major South Korean exchanges Bithumb and Upbit will halt deposit and withdrawal services for XLM starting September 3 to facilitate the transition to Protocol 23.
Significance of the Upgrade: This upgrade is crucial, as it aligns with $460 million in tokenized assets and Stellar’s ongoing advancements in mobile payment infrastructures across Africa.

Market Dynamics

The surge followed a challenging selling phase on September 1, where XLM initially fell to $0.35 but then found support and consolidated. The recent spikes and heightened trading volumes, surpassing the average daily volume of 31.2 million tokens, highlight ongoing institutional interest.

The upgrade to Protocol 23 aims to modernize Stellar’s operations and enhance its interoperability, further boosting the network’s capacity to support real-world applications. The convergence of positive price movement with network advancements emphasizes the increasing appeal of Stellar’s utility in the cryptocurrency market.