A significant transfer of over 162.35 million XLM, valued at approximately $36.2 million, was made to Coinbase by a Stellar whale, causing a sharp 10% decline in XLM's price to $0.2242. This move sparked a sell-off panic despite a 58.36% increase in trading volume to $291.64 million, suggesting heightened retail activity. Consequently, XLM's market position fell to 17th, overshadowed by Zcash's impressive 126.5% monthly gain.
Stellar Whale Moves 162M XLM to Coinbase, Triggers 10% Price Drop
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