Stellar
Why Stellar is down 10.6% today
Analysis
Stellar (XLM) fell 10.6% over the past 24 hours amid negative sentiment sparked by a news cycle linking XRP and XLM to “Epstein files,” which may have increased uncertainty and prompted risk-off selling. U.Today reported comments from Ripple CTO Emeritus addressing the claims, keeping the topic in focus and potentially weighing on related assets like XLM as traders reacted to reputational headline risk.
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.