Stellar
Why Stellar is down 5.1% today
Analysis
Stellar (XLM) fell 5.1% over the past 24 hours amid negative sentiment tied to a news cycle linking XLM (and XRP) to mentions in the Epstein files. U.Today reported on Ripple CTO Emeritus David Schwartz addressing claims involving XRP and XLM, which likely added uncertainty and pressured prices in the short term.
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.