Stellar's native token, XLM, has shown notable resilience, trading between $0.33 and $0.34 over the past 24 hours. The token briefly exceeded $0.34 before settling back to $0.33 due to profit-taking. Trading volume surged to 44.04 million, nearly double the daily average, indicating heightened institutional activity.
The recent rally is attributed to XLM's inclusion in WisdomTree's new exchange-traded product (ETP), attracting professional investors. On October 15, XLM dipped to $0.33 but quickly rebounded, with over 4.8 million tokens traded near the $0.32–$0.33 support level. This recovery, amid market uncertainty, highlights confidence in Stellar's fundamentals and growing institutional interest.
Stellar's XLM Gains Momentum with Institutional Interest
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