Stellar Lumens (XLM) has recorded significant gains over the past seven days, surging 63% to become the best-performing asset within its ecosystem. This dramatically outpaces the 39% growth shown by XRP, its historically correlated counterpart.
Fueled by renewed investor interest, XLM’s market capitalization has now reached $15.6 billion, positioning it near the threshold of the top 10 cryptocurrencies globally. This notable achievement marks a return to a ranking tier last occupied by the token in early 2021.
The momentum reflects the long-observed price correlation between XLM and XRP, tracing back to their shared origins. Stellar was founded by Jed McCaleb, a Ripple co-founder, which continues to influence market movements between both assets during major price swings.
Broader bullish crypto market trends have accompanied XLM’s rally, with tokens like Bonk (BONK) rising 52% and Pudgy Penguins (PENGU) climbing 45% during the same period.
Analysts highlight that Stellar’s performance underscores the importance of tracking both market fundamentals and shifting investor sentiment for potential growth opportunities, while also acknowledging persistent considerations surrounding cryptocurrency regulations.