Stellar experienced a notable 7% surge, rising from $0.36 to $0.39 over the past day before retracing significantly. This fluctuation was driven by profit-taking activity among traders, who exited positions at key resistance levels, signaling a shift in market dynamics. The 24-hour trading period saw remarkable volume increase to 56.77 million tokens, indicating participation from institutional investors, according to market data. The rally peaked at 1:00 p.m. UTC on October 1, before sellers drove prices back down, erasing most of the early gains. A sharp selloff occurred shortly after, driven by coordinated profit-taking activity, causing a swift two-cent decline in under 30 minutes.