XLM extends losses as weak retail demand weighs on sentiment

Key takeaways

• XLM extends its loss for a fourth straight day as retail sentiment weakens and futures positioning declines. 
• The token remains under bearish technical pressure, but is holding above its 200-day EMA and showing fading momentum. 

Stellar’s XLM extends its declines for a fourth consecutive session on Thursday, as selling pressure intensified across the cross-border payments sector. The token continues to struggle with weakening retail sentiment.

The broader correction highlights fading enthusiasm for remittance-focused crypto assets, which had previously benefited from narrative-driven rallies tied to institutional adoption and real-world asset tokenization themes.

Retail sentiment cools as futures positioning contracts

Recent derivatives data points to a sharp unwind in speculative positioning across both assets.

XLM futures open interest dropped to $260.35 million on Thursday, down significantly from Monday’s peak of $358.78 million, according to CoinGlass.