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Why Is XLM Up Today and Why the DTCC Story Looks Like a Retail Liquidity Trap

XLM jumped 73% in five days on the DTCC tokenization news. The rally was lifted by $12.4 million in short liquidations, with spot demand absent on the bid. The same template ran in July 2025 on Protocol 23 hype and ended in a 69% drawdown. Retail buying at current prices is the exit liquidity.