Whale Alert: 90 Million XLM Sent to Dead Wallet—Is Stellar Supply Shock Imminent?

Stellar’s price gained 1.43% in the past seven days, currently trading around $0.2387, reflecting short-term market stability. Open Interest in XLM increased 1.49% recently, indicating traders anticipate higher price movements based on current market activity. Whales are actively moving Stellar (XLM), according to on-chain data reported by Whale Alert. In the past 24 hours, transactions totaling 49,555,947 XLM took place. Such high-volume movements often indicate that large investors anticipate potential price increases. The token’s performance over the last seven days has been stable, with a moderate increase of 1.43% in value. At the time of reporting, the price of Stellar was $0.2387, marking a slight daily gain of 0.97%. Previously, it reached a peak of $0.2397 before settling at the current price level. Despite market fluctuations, investors with substantial holdings appear optimistic, continuing to accumulate XLM. Additionally, Open Interest—representing active trading positions—rose by 1.49% within the same timeframe. Such figures typically signal trader expectations of an upward price movement. Notably, recent whale activity includes a massive transaction involving 245 million XLM executed in under five minutes, just 48 hours earlier. Within this movement, 90 million XLM were permanently sent to inactive addresses known as dead wallets, equating to approximately $21 million. Actions like these occasionally raise questions within the broader cryptocurrency market about future supply implications and investor intentions. As whale activities persist, market analysts remain attentive. Any additional large-scale transactions may further impact XLM’s price trajectory. For investors following Stellar, these movements could either validate or challenge their current market strategies. Source: Tradingview Stellar (XLM) is currently trading at $0.2395, showing a modest 1.56% daily gain, while attempting to recover from recent losses. Over the last month, XLM has dropped 12.22%, and is still down 27.84% year-to-date, indicating that the asset remains under pressure despite having gained over 147% in the past 6 months. Compared to its all-time high of $0.93, Stellar is trading at a significant discount, but has shown resilience and long-term growth, up 118.53% over the last year. From a technical perspective, Stellar appears to be consolidating just above a key support zone around $0.23. If bulls manage to push price above the short-term resistance at $0.25–$0.26, it could spark a rally toward $0.29–$0.32, which are previous rejection zones. Source: Tradingview Momentum indicators are neutral but slowly turning bullish, suggesting a potential for upward continuation if volume supports the move. However, if support at $0.23 breaks down, the next key levels to watch are $0.20 and $0.18, where longer-term buyers could re-enter. Fundamentally, Stellar continues to pursue its mission of providing fast and affordable cross-border transact in a formal or creative style, maintaining a 500 word count. You must only respond with the modified content. Change the tone of my title “Stellar’s price gained 1.43% in the past seven days, currently trading around $0.2387, reflecting short-term market stability. Open Interest in XLM increased 1.49% recently, indicating traders anticipate higher price movements based on current market activity. Whales are actively moving Stellar (XLM), according to on-chain data reported by Whale Alert. In the past 24 hours, transactions totaling 49,555,947 XLM took place. Such high-volume movements often indicate that large investors anticipate potential price increases. The token’s performance over the last seven days has been stable, with a moderate increase of 1.43% in value. At the time of reporting, the price of Stellar was $0.2387, marking a slight daily gain of 0.97%. Previously, it reached a peak of $0.2397 before settling at the current price level. Despite market fluctuations, investors with substantial holdings appear optimistic, continuing to accumulate XLM. Additionally, Open Interest—representing active trading positions—rose by 1.49% within the same timeframe. Such figures typically signal trader expectations of an upward price movement. Notably, recent whale activity includes a massive transaction involving 245 million XLM executed in under five minutes, just 48 hours earlier. Within this movement, 90 million XLM were permanently sent to inactive addresses known as dead wallets, equating to approximately $21 million. Actions like these occasionally raise questions within the broader cryptocurrency market about future supply implications and investor intentions. As whale activities persist, market analysts remain attentive. Any additional large-scale transactions may further impact XLM’s price trajectory. For investors following Stellar, these movements could either validate or challenge their current market strategies. Source: Tradingview Stellar (XLM) is currently trading at $0.2395, showing a modest 1.56% daily gain, while attempting to recover from recent losses. Over the last month, XLM has dropped 12.22%, and is still down 27.84% year-to-date, indicating that the asset remains under pressure despite having gained over 147% in the past 6 months. Compared to its all-time high of $0.93, Stellar is trading at a significant discount, but has shown resilience and long-term growth, up 118.53% over the last year. From a technical perspective, Stellar appears to be consolidating just above a key support zone around $0.23. If bulls manage to push price above the short-term resistance at $0.25–$0.26, it could spark a rally toward $0.29–$0.32, which are previous rejection zones. Source: Tradingview Momentum indicators are neutral but slowly turning bullish, suggesting a potential for upward continuation if volume supports the move. However, if support at $0.23 breaks down, the next key levels to watch are $0.20 and $0.18, where longer-term buyers could re-enter. Fundamentally, Stellar continues to pursue its mission of providing fast and affordable cross-border transact” for a more friendly approach. Keep the content length about the same. You must only respond with the modified content.