Jed McCaleb’s brainchild Stellar (XLM) has had a rough day so far.
As reported by U.Today, the token surged by more than 40 percent on Sept. 18, leaving Ripple’s XRP, Ethereum (ETH) and other top altcoins far behind. Because of these enormous gains, XLM managed to stay in the green even when Bitcoin dropped like a rock to $9,600 and painted the whole market red.
However, the XLM price is currently down by 12 percent, according to Coin Stats, which appears to be an expected correction.
Whale Alert, the website that keeps a close eye on gargantuan cryptocurrency transactions, has recorded plenty of multimillion-dollar XLM transactions over the last couple of hours. One of the latest transfers took place at the time of writing this article.