XLM experienced an 8% drop, falling from $0.39 to $0.36, driven by significant institutional selling. The trading session witnessed over 41.89 million XLM exchanged, marking heightened volatility as large holders reduced their exposure. Despite this selling pressure, Stellar Lumens' adoption continues with the Stellar Development Foundation reporting nearly 10 million registered accounts and 5,000–6,000 new corporate wallets daily, spurred by partnerships with MoneyGram International and Circle Internet Financial. The market rebound, triggered by late-session buying, suggests confidence among some investors who may view the downturn as a buying opportunity. Technical indicators identified resistance at $0.373 and support levels at $0.375 and $0.362, indicating potential for institutional accumulation strategies. Analysts noted sharp intraday movements as market sentiments fluctuated, prompting institutional buyers to reenter during brief price declines. Overall, Stellar’s enterprise initiatives remain solid amidst market uncertainties affecting blockchain payment infrastructures.

Source 🔗