XLM Traders, Beware! Stellar's Funding Rate Is Plummeting
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XLM Traders, Beware! Stellar's Funding Rate Is Plummeting
Stellar Lumens hit a critical support level this week at $0.20, putting the token in a precarious spot. At that price, XLM sits 30% below its peak in May and 60% under its 2024 high. Based on reports, bears have been piling on, pushing the funding rate into negative territory since early June. If that support gives way, traders warn XLM could slide toward $0.15, a drop of about 35%. Network Activity Up According to Artemis, operations on the Ste…
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