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                    Contents
                    <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h259">Stellar's XLM surges to $0.31, here's why</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h396">Stellar invests $5 million in Wyre DLT payment firm</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h427">264.8 million XLM shifted by SDF and whales</a></li></ul>
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Over the past 20&nbsp;hours, Stellar Development Foundation and crypto whales have shifted an approximate aggregate amount of over<a rel="nofollow" target="_blank" href="https://twitter.com/whale_alert"> 260 million XLM</a>.

In the meantime, the tenth-largest cryptocurrency has surged by over 24 percent&nbsp;due to multiple factors, including DOGE coin—as many in the crypto community believe.

Stellar's XLM surges to $0.31, here's why

The tenth cryptocurrency with the largest market cap has demonstrated a rise of over 24 percent and hit $0.31 after going up from $0.28. A CoinMarketCap chart shows that, earlier today, it managed to reach even higher, to $0.35, but then made a slight pullback.

Many explain the surge of XLM by the hype around DOGE and its rapid rise by over 347 percent over the past 24&nbsp;hours.

Charts also show that XLM has broken out of a descending triangle that has been forming since the early days of January.
<em>Image via <a rel="nofollow" target="_blank" href="https://coinmarketcap.com/currencies/xrp/">CoinMarketCap</a></em>
Stellar invests $5 million in Wyre DLT payment firm

Besides, recently Stellar Development Foundation (SDF) <a rel="nofollow" target="_blank" href="https://www.stellar.org/press-releases/stellar-development-foundation-invests-5-million-in-wyre?locale=en">invested $5 million</a> in Wyre, a major company that conducts blockchain-based payments. The investment was announced on Jan.&nbsp;26.

This investment will enable fintech apps based on Stellar to use multiple API-based payments. This will also enable Stellar-powered USDC trading against&nbsp;existing pairs with fiat currencies (GBP, USD, EUR, etc.). The second most popular USD-based stablecoin is set to go live on Stellar in Q1 of this year.

<a rel="nofollow" target="_blank" href="#-soars-as-elon-musk-twitter-bio-section-now-shows-one-word-bitcoin">card</a>

264.8 million XLM shifted by SDF and whales

According to&nbsp;data shared by Whale Alert, over the past 20&nbsp;hours, a mammoth 264.8 million XLM has been transferred from and&nbsp;to crypto exchanges and between anonymous wallets. In fiat, this sum represents $87,669,644.

Half of this amount was wired within just two hours. <a rel="nofollow" target="_blank" href="https://twitter.com/whale_alert/status/1354833038606266370">Stellar Development Foundation transferred</a> 19,740,998 XLM from this whopping amount. That equals $5,369,544.
<em>Image via <a rel="nofollow" target="_blank" href="https://twitter.com/whale_alert">Twitter</a></em>

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                    Contents
                    <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h259">Stellar's XLM surges to $0.31, here's why</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h396">Stellar invests $5 million in Wyre DLT payment firm</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h427">264.8 million XLM shifted by SDF and whales</a></li></ul>
    Advertisement
    
        
    
    
        
                
            
                                            

        
        
                
            
                                            

        
    
Over the past 20&nbsp;hours, Stellar Development Foundation and crypto whales have shifted an approximate aggregate amount of over<a rel="nofollow" target="_blank" href="https://twitter.com/whale_alert"> 260 million XLM</a>.

In the meantime, the tenth-largest cryptocurrency has surged by over 24 percent&nbsp;due to multiple factors, including DOGE coin—as many in the crypto community believe.

Stellar's XLM surges to $0.31, here's why

The tenth cryptocurrency with the largest market cap has demonstrated a rise of over 24 percent and hit $0.31 after going up from $0.28. A CoinMarketCap chart shows that, earlier today, it managed to reach even higher, to $0.35, but then made a slight pullback.

Many explain the surge of XLM by the hype around DOGE and its rapid rise by over 347 percent over the past 24&nbsp;hours.

Charts also show that XLM has broken out of a descending triangle that has been forming since the early days of January.
<em>Image via <a rel="nofollow" target="_blank" href="https://coinmarketcap.com/currencies/xrp/">CoinMarketCap</a></em>
Stellar invests $5 million in Wyre DLT payment firm

Besides, recently Stellar Development Foundation (SDF) <a rel="nofollow" target="_blank" href="https://www.stellar.org/press-releases/stellar-development-foundation-invests-5-million-in-wyre?locale=en">invested $5 million</a> in Wyre, a major company that conducts blockchain-based payments. The investment was announced on Jan.&nbsp;26.

This investment will enable fintech apps based on Stellar to use multiple API-based payments. This will also enable Stellar-powered USDC trading against&nbsp;existing pairs with fiat currencies (GBP, USD, EUR, etc.). The second most popular USD-based stablecoin is set to go live on Stellar in Q1 of this year.

<a rel="nofollow" target="_blank" href="#-soars-as-elon-musk-twitter-bio-section-now-shows-one-word-bitcoin">card</a>

264.8 million XLM shifted by SDF and whales

According to&nbsp;data shared by Whale Alert, over the past 20&nbsp;hours, a mammoth 264.8 million XLM has been transferred from and&nbsp;to crypto exchanges and between anonymous wallets. In fiat, this sum represents $87,669,644.

Half of this amount was wired within just two hours. <a rel="nofollow" target="_blank" href="https://twitter.com/whale_alert/status/1354833038606266370">Stellar Development Foundation transferred</a> 19,740,998 XLM from this whopping amount. That equals $5,369,544.
<em>Image via <a rel="nofollow" target="_blank" href="https://twitter.com/whale_alert">Twitter</a></em>

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twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
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    XLM Soars 24 Percent, While 264.8 Million XLM Gets Moved by Stellar and Whales

    Advertisement
    article image
    Yuri Molchan
    Over the past 20 hours, over 260 million XLM have been transferred by SDF and crypto whales; meanwhile, XLM has surged by over 24 percent
    Fri, 29/01/2021 - 10:53
    XLM Soars 24 Percent, While 264.8 Million XLM Gets Moved by Stellar and Whales
    Cover image via stock.adobe.com
    Read U.TODAY on
    Google News
    Contents
    Advertisement

    Over the past 20 hours, Stellar Development Foundation and crypto whales have shifted an approximate aggregate amount of over 260 million XLM.

    In the meantime, the tenth-largest cryptocurrency has surged by over 24 percent due to multiple factors, including DOGE coin—as many in the crypto community believe.

    Stellar's XLM surges to $0.31, here's why

    The tenth cryptocurrency with the largest market cap has demonstrated a rise of over 24 percent and hit $0.31 after going up from $0.28. A CoinMarketCap chart shows that, earlier today, it managed to reach even higher, to $0.35, but then made a slight pullback.

    Many explain the surge of XLM by the hype around DOGE and its rapid rise by over 347 percent over the past 24 hours.

    Charts also show that XLM has broken out of a descending triangle that has been forming since the early days of January.

    XLM
    Image via CoinMarketCap

    Stellar invests $5 million in Wyre DLT payment firm

    Besides, recently Stellar Development Foundation (SDF) invested $5 million in Wyre, a major company that conducts blockchain-based payments. The investment was announced on Jan. 26.

    This investment will enable fintech apps based on Stellar to use multiple API-based payments. This will also enable Stellar-powered USDC trading against existing pairs with fiat currencies (GBP, USD, EUR, etc.). The second most popular USD-based stablecoin is set to go live on Stellar in Q1 of this year.

    card

    264.8 million XLM shifted by SDF and whales

    According to data shared by Whale Alert, over the past 20 hours, a mammoth 264.8 million XLM has been transferred from and to crypto exchanges and between anonymous wallets. In fiat, this sum represents $87,669,644.

    Half of this amount was wired within just two hours. Stellar Development Foundation transferred 19,740,998 XLM from this whopping amount. That equals $5,369,544.

    XLM
    Image via Twitter
    #Stellar News #XLMUSD #USDC
    About the author
    article image
    Yuri Molchan
    Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.
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