DTCC Deal Sends Stellar’s XLM Up 50% as Shorts Liquidate

• DTCC’s integration with Stellar prompts major price surge even as wider crypto market slumps
• $12.4M in XLM short positions liquidated as resistance levels and correction risks emerge

On May 29, 2026, Cointelegraph reported that Stellar’s XLM soared over 50% after US financial powerhouse Depository Trust & Clearing Corporation (DTCC) unveiled plans to integrate its tokenized securities platform with the Stellar network, eyeing a launch in early 2027. The announcement fueled robust institutional activity and fast-tracked buying, granting XLM rare strength while most cryptocurrencies declined.

A sharp short squeeze accelerated XLM’s gains, with $12.4 million in short positions liquidated—almost twice as much as long liquidations over the same period. The sudden need for bearish traders to exit positions added further fuel to the rally’s momentum.

Stellar’s run became even more notable against a backdrop of broad market weakness, directing traders’ and analysts’ attention to XLM’s outperformance among altcoins. Cointelegraph highlighted this market divergence and placed Stellar at the center of speculative conversations.

However, historical trading patterns flag potential risks for XLM’s sustainability. Previous news-driven surges—like those spurred by PayPal’s stablecoin debut and the 2024 US election—led quickly to corrections. Technical analysis points to tough resistance between $0.198 and $0.224, aligning with key weekly exponential moving averages. If XLM fails to break above this range, a pullback of 30–40% could follow. Conversely, a clear breakout would aim for $0.28 to $0.30 by mid-2026.

At 16:08 UTC on May 29, 2026, XLM is trading at $0.213, with a 24-hour trading volume shift of 8.26%, according to CoinMarketCap.