Stellar (XLM) rises 40.43% to $0.2862 as shorts stay dominant on Binance

Stellar (XLM) surged 40.43% over the last 24 hours to $0.2862, lifting its market cap to $9.62 billion as trading volume jumped 33.85% to $2.27 billion. Derivatives participation also grew, with Open Interest up 10.89% to $361.31 million. Even after the move, Binance top-trader positioning stayed net-short at 55.6% versus 44.4% long, keeping short-squeeze risk in focus if price holds above $0.2566.