Crypto Giants Go Wild: Nearly 50 Million XLM Plunge On-Chain—What’s the Whale Game?

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So, Stellar (XLM) is apparently the new belle of the blockchain ball. Over the past day, a cool 49,555,947 XLM have been shuffled on-chain—because when you’re dealing with whales, you don’t just swim quietly; you make a splash big enough to rattle the digital seas.

Whales Are Whales: Showing Off Their Confidence in XLM Stability

Whale Alert, which sounds like a rather dramatic marine documentary but is actually a platform that tracks massive crypto moves, suggests that these giant transfers are their way of saying, “Hey, we like what we see.”

All this excitement might stem from XLM’s surprisingly steady charm over the past week. While the rest of the market bounces around like a caffeine-fueled squirrel, this XRP contender has managed a modest 1.43% glow-up.

Right now, XLM’s price is lounging at $0.2387, having flirted briefly with the lofty heights of $0.2397 before retreating—because even crypto likes a little drama.

Despite the usual jittery nerves of the market, these whale-sized wallets are still plunking down funds, betting on a bullish surge that could fatten their wallets just in time for that sweet profit pickup.

And just to sprinkle some more intrigue, XLM’s Open Interest nudged up 1.49% in the last 24 hours, which means there’s a collective hunch brewing—that XRP’s understudy might just be gearing up for its moment in the spotlight.

When Whales Make Waves: The Stellar Spectacle Continues

In case you thought today’s whale party was a one-time thing, think again. Under 48 hours ago, these cosmic creatures moved a staggering 245 million XLM in less than five minutes. Yes, minutes. Because apparently, they don’t do anything at a leisurely pace.

One particularly eyebrow-raising stunt was the transfer of 90 million XLM to what are known as “dead wallets”—cryptocurrency’s version of a black hole—valued at over $21 million. Talk about sending your money on a permanent vacation.

As the crypto cosmos watches with popcorn in hand, XLM investors might just find themselves riding the next wave of this star-studded, whale-fueled rally.

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2025-04-17 18:11