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Stellar's XLM jumps 10% to $0.249 on tokenization progress and a $1.32M short squeeze triggered by US labor data.

Market News
18 Jun 2026
UToday
View Source
Bullish
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Stellar's XLM token surged 10% to $0.249 following a breakthrough in real-world asset tokenization and a $1.32 million short squeeze triggered by volatile US labor reports. The token's price rally is driven by Stellar's integration with DTCC, which plans to launch a testnet for tokenizing US stocks and bonds in July, with a full launch expected in early 2027. On-chain data shows a 22% monthly growth in real-world assets on Stellar's blockchain, reaching $2.83 billion, and a 155% increase in transfer volumes. Additionally, US jobless claims slightly exceeded expectations, causing market volatility that forced leveraged traders betting against XLM to liquidate positions, further boosting the price.

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