Stellar (XLM) has experienced a decline in value recently, and many believe that whales are responsible for this drop. These large holders of XLM have been selling off their tokens in favor of a new meme token on the Solana blockchain. This new token, which has a dog theme, is set to skyrocket in value from $0.0004 to $4.
The shift in focus from XLM to this new meme token has caused a significant decrease in Stellar’s price. Many investors are now eagerly watching the new token, hoping to capitalize on its potential growth. It remains to be seen how this will impact the overall cryptocurrency market and whether Stellar will be able to recover from this decline.