Stellar Lumens (XLM) increased by 1.53% to $0.3177, driven by a significant rise in trading volume, which surged 134% above the 30-day average. This uptick suggests active institutional accumulation rather than retail-driven buying. XLM outperformed the broader market by 0.3%, consolidating between $0.315 and $0.325, with strong support forming above $0.32 ahead of the upcoming Protocol 24 upgrade.
The Stellar ecosystem's tokenized asset size expanded to $639 million, marking a 26% increase. This growth was primarily led by Franklin Templeton’s $446 million tokenized treasury fund, highlighting the increasing institutional interest in the Stellar network.
Stellar Lumens Gains 1.5% Amid Institutional Buying Surge
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