Stellar (XLM) Tops $0.27 on June 1 as Rally Nears 100% Since DTCC Partnership

On June 1, Stellar's XLM briefly moved above $0.27 and at one point showed 24-hour gains of 14% before a broader sell-off reduced the day's increase to 5% by 5:10 a.m. EST. XLM climbed from just under $0.243 to $0.271637, while the aggregate crypto market fell 1.4% and only HYPE (+6.5%) and TRX (+1.1%) also posted gains among Coingecko's top 20. Since Stellar announced a partnership with DTCC, XLM has nearly doubled, its market cap reached $8.5 billion, and the latest 24-hour move coincided with about $4.6 million in short liquidations and $3.76 million in long liquidations.