Stellar (XLM) Dethrones Shiba Inu, Will It Last?

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Well, well, well! It seems that Stellar (XLM) has decided to pull a fast one and has galloped past Shiba Inu (SHIB) in the grand race of market capitalization. Who would have thought? 🤔

According to the latest gossip from CoinMarketCap, Stellar has now donned the crown as the 15th largest cryptocurrency, boasting a market cap of a whopping $9 billion. Meanwhile, poor Shiba Inu is left to twiddle its paws at the 16th spot with a mere $8.55 billion. Oh, the drama! 🎭

Now, before we start popping the champagne, one must ponder: is this a fleeting moment of glory or the dawn of a new era in the crypto kingdom? Only time will tell, but I wouldn’t hold my breath! 😅

Stellar (XLM) has certainly made a name for itself. Recent reports from the official Stellar X account reveal that in the first quarter, Stellar DeFi racked up a staggering 471.2 million operations, 147 million transactions, and over 2,182 days of network stability. Talk about a solid performance! 💪

On the flip side, Shiba Inu may have slipped a notch, but it’s not down for the count just yet. It seems that 78% of its addresses are now long-term holders, according to IntoTheBlock data. And let’s not forget the whales! Large transaction volumes in SHIB have surged by over 60% in the last 24 hours. Are they plotting something? Or just throwing a big fish fry? 🐋

Market price action

As we wade through the murky waters of the crypto market this fine Tuesday morning, traders are scratching their heads, trying to figure out their next moves. At the time of this writing, XLM has crept up by 0.16% to $0.2888, while SHIB has taken a tiny tumble down by 0.01% to $0.0000145. Such excitement! 🎢

On the broader economic stage, all eyes are glued to this Friday’s Core PCE reading, which is the Federal Reserve’s favorite inflation gauge. It’s like waiting for the next episode of your favorite soap opera—will it be a cliffhanger or a happy ending? 📈

Investors are also eagerly anticipating the release of the Federal Reserve’s minutes from its May 6-7 meeting, which will drop on Wednesday. Will it be a treasure trove of insights or just a bunch of bureaucratic mumbo jumbo? Stay tuned! 📅

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2025-05-27 17:32