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Stellar's XLM Token Drops 6% as Selling Pressure Intensifies
Stellar’s XLM dropped 6% in under 24 hours as institutional selling overwhelmed the market, with heavy liquidations setting resistance at $0.42 and leaving prices stagnant near $0.41.
Aug 18, 2025, 4:31 p.m.
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What to know:
- XLM slid 6% from $0.43 to $0.41 between Aug. 17–18 amid heavy institutional selling, with trading volumes topping $30 million.
- Major liquidation saw more than 60 million tokens sold overnight on Aug. 18, establishing strong resistance at $0.42 and support near $0.41.
- Final-hour weakness added a further 1% decline as selling pressure intensified, leaving XLM stagnant at $0.41 with limited buying interest.
Stellar’s XLM token came under heavy institutional selling pressure between August 17 at 3:00 PM and August 18 at 2:00 PM, sliding from $0.43 to $0.41 in a 6% decline.
Trading volumes during the 24-hour period topped $30 million, representing roughly 7% of daily turnover.
STORY CONTINUES BELOW
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The most notable liquidation event occurred between 1:00 AM and 3:00 AM on August 18, when institutional sellers offloaded more than 60 million tokens. This selloff forced XLM down from $0.42 to $0.41, creating strong resistance at the $0.42 level and defining new support near $0.41.
Despite attempts at recovery, the asset consistently failed to breach the resistance zone, signaling persistent institutional bearishness and leaving XLM vulnerable to further downside.
The final trading hour on August 18 added fresh pressure, as XLM registered a 1% drop between 1:21 PM and 2:20 PM. Institutional selling accelerated between 1:31 PM and 1:42 PM, with corporate liquidations pushing prices from $0.41 to $0.41 on volumes exceeding 2.7 million units.
This flurry of activity confirmed resistance at $0.41 and set a short-term support floor at the same level. Multiple recovery attempts throughout the hour were met with renewed selling pressure, culminating in a stagnant close around $0.41 with minimal volume in the last 20 minutes.
The lack of buying interest highlights the possibility of further weakness should sellers regain momentum.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
