Stellar (XLM) recorded the largest weekly gains among major cryptocurrencies, surging 63% over the past seven days.
The substantial price increase surpassed competing altcoins, including XRP which gained 39%, Bonk which saw a 52% rise, and the Pudgy Penguins NFT collection asset which climbed 45%.
Following this surge, Stellar’s approximate market capitalization has reached $15.6 billion. This growth positions XLM to potentially re-enter the top 10 cryptocurrencies by market capitalization.
Other notable gainers included Hedera (HBAR) and Algorand (ALGO), both of which also registered gains exceeding 40% over the same period.
The persistent market observation of correlation moves between Stellar (XLM) and XRP continues amid the gains, though no specific catalyst explaining the recent Stellar surge has been definitively identified.