Crypto
Stellar Price Plunges as Altcoin Deposits Reach Two-Year High
The price of Stellar (XLM) has dropped by around 5.3 percent to $0.214 on October 3, 2026.
This decline does not appear to be related to any negative news about the project itself, such as a network outage or delisting from a major exchange.
The source of the drop lies in market conditions, specifically the increase in deposits to trading venues. According to CryptoQuant, these deposits have risen 160 percent within two weeks, reaching their highest level since October 2025.
This surge in deposits suggests that many holders are looking to sell their XLM, contributing to the downward pressure on the price.