"I thought it was ruined"...XLM's trading volume surged by 927% amid the liquidation market

▲ Stellar (XLM) / ChatGPT generated image

A plan to connect a Wall Street's key clearing agency to a tokenization platform has been revealed. Stellar (XLM) demonstrated a strong presence even amidst the cryptocurrency bear market, with its trading volume surging by 927%.

According to U.Today, a cryptocurrency specialized media outlet, on May 28 (local time), XLM's price surged by up to 20% at one point, in line with Wall Street's tokenization trend. Based on CoinMarketCap data, XLM's 24-hour trading volume increased by 927%, reaching $934.99 million.

The key background for this surge is the announcement by Wall Street's clearing agency, DTCC. DTCC announced its plan to connect its tokenized securities platform with the Stellar network by 2027. U.Today explained that DTCC is an institution at the heart of the U.S. market infrastructure and a key player in traditional finance, managing over $114 trillion in assets.

This collaboration is based on a no-action letter received by DTC from the U.S. Securities and Exchange Commission in December 2025. This letter allows DTC to implement and operate a service that tokenizes DTC-held physical assets. Market participants will be able to utilize traditional assets in the digital ecosystem while maintaining the same investor protection, rights, and safeguards as existing securities.

XLM's strength contrasted with the overall weakness in the cryptocurrency market. According to CoinGlass data, cryptocurrency position liquidations exceeded $930 million in the last 24 hours, with long position liquidations amounting to $870 million and short position liquidations to $59.29 million. Amidst the market turmoil caused by large-scale liquidations, XLM leveraged the Wall Street-driven tokenization news to simultaneously boost its trading volume and price reaction.

Technically, XLM also broke above its daily 50-day moving average, which had suppressed its price for several weeks. Immediately after the news, the price jumped from $0.146 to $0.17, reaching $0.18 intraday for the first time since April 22. U.Today assessed this movement as a sign that Wall Street's tokenization initiative has rekindled market interest in the Stellar network.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. This content should be interpreted for informational purposes only.*