XLM Plunges 8% as Institutional Exodus Intensifies Amid Market Turmoil

Stellar's XLM token faces brutal selling pressure as smart money flees crypto's uncertainty storm.

Institutional Retreat Accelerates

Major funds dump positions while retail traders scramble—classic whale behavior that leaves smaller holders holding the bag. The 8% nosedive reflects deepening anxiety about regulatory headwinds and macro economic signals.

Technical Breakdown Underway

Key support levels shatter as momentum traders amplify the downward spiral. Trading volumes spike 40% above monthly averages, confirming this isn't just casual profit-taking—it's a full-scale risk-off movement.

Market Psychology Shifts

Remember when institutions were going to 'save' crypto from volatility? Turns out they're just better at panic selling than any degenerate on Twitter. The only thing consistent about big money in crypto is its spectacular timing for exits.

• XLM posted a 7.74% decline from $0.39 to $0.36 during the August 28-29 trading period.
• Daily trading range reached $0.031 between session high of $0.387 and low of $0.356.
• Peak selling activity occurred during morning European trading hours on August 29 with volume exceeding the 24-hour average of 41.89 million units.
• Technical resistance established near $0.373 level as institutional buyers remained cautious.
• Support levels identified at $0.375 and $0.362, with the lower threshold showing stability during final trading hours.
• Elevated trading volume during the decline indicates potential institutional accumulation strategies.
• Intraday price range of $0.005 during the final 60-minute trading period demonstrates continued market interest.
• Support at $0.357 attracted institutional buying interest before session close.
• Final hour recovery of 1.27% on volume exceeding 2 million units suggests corporate treasury departments may be accumulating positions.

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