Stellar Lumen XLM Token lost 6% of its value.

Corporate Selling Pressure on Stellar Lumen

Stellar Lumen’s XLM token experienced a significant corporate selling pressure, losing 6% of its value on October 16-17. During this period, the trading volume surged to over 89 million tokens during peak liquidation hours.

Algorithmic trading and treasury rebalancing led to the price consolidating at the $0.303 level. This situation drew attention as an indication of systematic corporate sales at resistance levels.

On the other hand, the distribution of Protocol 23 expanded Stellar's processing capacity to exceed 5,000 transactions per second. This development strengthens Stellar's value proposition for long-term corporate adoption.