The price of Stellar Lumens (XLM) rose by a maximum of 14.3% in 24 hours, from $0.252 to $0.293, ultimately closing at $0.2896. This increase was accompanied by a surge in trading volume, peaking at 405.9 million coins, which is 7.5 times the average daily trading volume.

The price increase was primarily driven by the release of Stellar Core v23.0.0rc2, which enhanced the network's maturity and scalability. Technical analysis shows that XLM has broken through resistance levels of $0.270 and $0.278, with short-term support established above $0.278.