Stellar's Midnight Mayhem: XLM Plunged 6% on High-Volume Despite Rain Integration

Stellar's integration with Rain signals progress toward mainstream adoption. Stellar's native token XLM fell along with the broader market in the past 24 hours, with large volumes occurring at the turn of the day. The decline happened even as Rain, the global card issuing platform powered by stablecoins, announced Thursday support for Stellar alongside integration with Solana and Tron. XLM has plummeted 7% over 24 hours, dropping from 0.288 to 0.271, with exceptionally high selling volume. The cryptocurrency dived out of a trendline, marking the recovery from April lows, mimicking a pattern seen in payments-focused cryptocurrency XRP. Still, despite the price drop, Stellar's integration with Rain offers a rare bright spot in an otherwise dour market sentiment. The integration is a meaningful step toward mainstream adoption, allowing users to spend stablecoins held on these high-throughput networks for everyday purchases. “AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk's AI Policy. Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot. https://www.coindesk.com/markets/2025/05/30/stellar-s-midnight-mayhem-xlm-plunged-6-on-high-volume-despite-rain-integration #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple