Stellar Price Drops 12% Amid Slumping Speculative Confidence

The Stellar token, XLM, has seen its price drop nearly 12% over the past ten days. In contrast to this decline, daily trading volume for XLM actually increased among top 20 crypto assets.

This divergence between trading activity and price suggests that speculative confidence in XLM may be waning. According to data, the token's Open Interest has shrunk by almost 7% over the past day.

Long-term prospects for XLM remain bullish due to institutional adoption. A recent partnership between Depository Trust & Clearing Corporation and Stellar Development Foundation is seen as a key factor in the altcoin's increased valuation.