Stellar’s XLM token experienced a significant drop of 6% over the past 24 hours, attributed to heightened institutional selling pressure. While the decline remains confined to the XLM coin without broader market impact, it has sparked concerns about market stability. Despite this decline, prominent figures like Jed McCaleb and Denelle Dixon have remained focused on long-term development of the Stellar ecosystem rather than short-term price fluctuations. 24-hour trading volume highlights a significant imbalance with 6,171 buyers versus 4,095 sellers, primarily driven by institutional liquidations. The absence of official commentary from prominent stakeholders like Jed McCaleb and Denelle Dixon has amplified community concerns about potential market volatility. Historical data suggests a recurring pattern of sell-offs post bull runs for XLM. Current on-chain activity shows no unusual spikes from Stellar’s official wallets, further indicating limited direct impact on other major cryptocurrencies like Bitcoin or Ethereum. The market remains focused on developments within the Stellar ecosystem and responses from its community, potentially influencing future price movements.