u.today 
Stellar ($XLM) becomes the stands out as the top performer of the day on the crypto market as over the past 24 hours, its price has added 10%, while the weekly rally has already exceeded 36%, pushing the token to the $0.249 mark. The main drivers of this large-scale move are Stellar's success in the field of real-world asset tokenization and the mass liquidation of traders' positions after they bet on the coin's decline.
The current rally is being driven by a major tokenization breakthrough inside the ecosystem. Judging by the price growth, investors are actively buying the asset amid Stellar's integration with the American clearing giant DTCC, where a closed testnet for tokenizing U.S. stocks and Treasury bonds is set to start in July, while the full launch is scheduled for the first half of 2027.
How the US labor report complemented Stellar's tokenization boom
These expectations are partly confirmed by fresh on-chain statistics from the analytics platform RWA.xyz. According to its data, the volume of real-world assets on the Stellar blockchain has grown by 22% over the month and reached an impressive $2.83 billion. At the same time, the monthly transfer volume of such assets has jumped by 155%, exceeding $672 million.
Stellar ($XLM) token price action intraday, Source:
TradingView
Additional momentum behind the $XLM price surge came from macroeconomic volatility after the U.S. Department of Labor reported 226,000 initial jobless claims. The figure came in above economists' forecast of 225,000, which intensified debates around the "soft landing" scenario for the U.S. economy.
This turbulence instantly spilled over into the crypto market and triggered the short squeeze itself, when traders opening leveraged positions against $XLM became trapped by sudden price fluctuations.
According to Coinglass, total daily liquidations on the Stellar market reached $2.56 million, with short positions suffering the most and accounting for $1.32 million. Notably, the main phase of this pressure came on the four-hour timeframe, which coincided with the news release and liquidated $XLM shorts worth $330,280.
