Stellar
Why Stellar is down 4.5% today
Analysis
Stellar (XLM) fell 4.5% over the past 24 hours as sentiment around the XLM ecosystem weakened following renewed controversy tied to the “Epstein files” narrative. U.Today reported comments from Ripple’s CTO Emeritus addressing mentions of XRP and XLM in those files, which may have prompted risk-off positioning and short-term selling pressure in XLM.
Contributing Factors (1)
Ripple CTO Emeritus Breaks Silence on XRP and XLM in Epstein Files
Ripple was mentioned in the newly released Epstein files. The former Ripple CTO has addressed claims linking Ripple, Stellar and XRP to Epstein.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.