Stellar
Why Stellar is down 5.5% today
Analysis
Stellar (XLM) fell about 5.5% over the past 24 hours amid negative sentiment tied to a news cycle linking both XRP and XLM to the “Epstein files” narrative, which can pressure prices even without new on-chain or protocol fundamentals. U.Today reported comments from Ripple’s CTO emeritus addressing mentions of XRP and XLM in that context, and the association likely contributed to risk-off trading and short-term sell 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
Moderate confidence. Multiple factors may be contributing.