Stellar (XLM) experienced a significant downturn in value, dropping nearly 23% within the last 24 hours to close at $0.2924 on CoinMarketCap. This follows a swift flash crash to as low as $0.20 before witnessing a rapid rebound fueled by buying activity. The token’s market capitalization fell to $9.36 billion while trading volume surged by 157% to reach $630 million, highlighting the intensity of both panic selling and opportunistic buying during the crash. 24-hour trading volume spiked 157% to $630 million as a result of this rapid price drop. The rapid decline below $0.25 likely triggered large-scale liquidations and stop-loss cascades, a pattern observed across various major cryptocurrencies on Friday. The XLM’s swift rebound towards the $0.29–$0.30 range suggests strong demand at lower levels and algorithmic trading stabilization following the crash. However, analysts caution that volatility remains high, with potential retests of $0.25 if Bitcoin fails to overcome key psychological support near $110,000. Stellar is attempting to regain its footing, but sentiment remains fragile as investors await clearer signals of market stability after one of the sharpest single-day corrections this year.