Stellar (XLM) Dethrones Shiba Inu, Will It Last?

Stellar Overtakes Shiba Inu in Market Capitalization

In a recent market shift, Stellar (XLM) has surpassed Shiba Inu (SHIB) in total market capitalization, securing its position as the 15th largest cryptocurrency. Latest CoinMarketCap data shows Stellar with a $9 billion market cap, while Shiba Inu trails at $8.55 billion, now ranking 16th.

This development raises questions about whether this is a temporary flip or the beginning of a lasting change in crypto rankings. Stellar has demonstrated strong growth, with its DeFi ecosystem recording 471.2 million total operations, 147 million transactions, and over 2,182 days of network stability in Q1, according to the official Stellar X account.

Despite slipping behind XLM, Shiba Inu shows signs of long-term investor confidence. IntoTheBlock data reveals 78% of SHIB addresses are currently holding the token. Whale activity has also increased, with large transaction volume surging over 60% in the past 24 hours.

Market performance remains mixed in early Tuesday trading. XLM shows a modest 0.16% gain to $0.2888, while SHIB remains nearly flat at $0.0000145.

Investors are closely watching upcoming economic indicators, including the Federal Reserve's May meeting minutes and Friday's Core PCE inflation data, which could influence market movements.