Stellar Faces Heavy Institutional Outflows, But Dip Buying Emerges
XLM endured sharp selling pressure, dropping from $0.39 to $0.36 between August 28–29. Market data shows institutions were behind much of the selling, with volumes spiking to over 41.89 million XLM.
Still, the decline was met with selective dip buying. Around $0.357–$0.362 support, institutional interest resurfaced, helping XLM close higher than session lows.
Corporate fundamentals remain supportive: 5,000–6,000 new wallets are being added daily, with adoption driven by global payment integrations. Analysts warn, however, that $0.373 resistance may cap near-term upside until sentiment stabilizes.
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