Stellar (XLM) Soars 10.5% While Crypto Market Plunges: What’s Driving the Rally?

CoinDesk 20 performance update: Stellar (<a href="https://jpyeur.com/xlm-usd/">XLM</a>) jumps 10.5% as nearly all assets fallCoinDesk Indices

CoinDesk Indices provides a daily update on how the crypto market is doing, focusing on which cryptocurrencies in the CoinDesk 20 are performing well and which are not.

The CoinDesk 20 is currently trading at 1961.44, down 3.1% (-62.25) since 4 p.m. ET on Wednesday.

One of the 20 assets is trading higher.

Leaders: XLM (+10.5%) and HBAR (-1.7%).

Laggards: NEAR (-12.2%) and BCH (-12.1%).

The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.

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2026-05-28 16:31