T&#7915; &#273;&#7881;nh n&#259;m 2025, Stellar (XLM) &#273;&atilde; gi&#7843;m t&#7915; 0.52 USD xu&#7889;ng c&ograve;n 0.26 USD. Grayscale &mdash; m&#7897;t trong nh&#7919;ng qu&#7929; &#273;&#7847;u t&#432; crypto h&agrave;ng &#273;&#7847;u &mdash; &#273;&atilde; qu&#7843;n l&yacute; &#273;&aacute;ng k&#7875; l&#432;&#7907;ng XLM trong &#273;&#7907;t gi&#7843;m gi&aacute; n&agrave;y.
N&#7895;i s&#7907; h&atilde;i c&#7921;c &#273;&#7897; tr&ecirc;n th&#7883; tr&#432;&#7901;ng v&agrave;o cu&#7889;i n&#259;m ti&#7871;p t&#7909;c l&agrave;m gia t&#259;ng k&#7923; v&#7885;ng ti&ecirc;u c&#7921;c. Stellar (XLM) c&#7847;n l&agrave;m g&igrave; &#273;&#7875; &#273;&#7889;i m&#7863;t v&#7899;i nh&#7919;ng tr&#7903; ng&#7841;i n&agrave;y?
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-grayscale-holds-more-than-116-million-xlm">Grayscale n&#7855;m gi&#7919; h&#417;n 116 tri&#7879;u XLM</h2>

Theo d&#7919; li&#7879;u m&#7899;i nh&#7845;t t&#7915; Coinglass, l&#432;&#7907;ng <a href="https://beincrypto.com/learn/buy-stellar/" target="_blank" rel="noreferrer noopener">XLM c&#7911;a Grayscale</a> &#273;&atilde; t&#259;ng t&#7915; n&#259;m ngo&aacute;i, tr&#432;&#7899;c khi XLM in m&#7897;t &ldquo;ng&#7885;n n&#7871;n th&#7847;n&rdquo; v&agrave;o th&aacute;ng 11/2024 v&#7899;i m&#7913;c t&#259;ng g&#7847;n 600%.
Grayscale &#273;&atilde; th&agrave;nh c&ocirc;ng trong vi&#7879;c t&iacute;ch l&#361;y XLM t&#7915; 70 tri&#7879;u l&ecirc;n 119 tri&#7879;u tr&#432;&#7899;c khi gi&aacute; t&#259;ng v&#7885;t. &#272;&#7897;ng th&aacute;i n&agrave;y cho th&#7845;y qu&#7929; n&agrave;y ho&#7841;t &#273;&#7897;ng hi&#7879;u qu&#7843; nh&#432; m&#7897;t ng&#432;&#7901;i ch&#417;i th&ocirc;ng minh khi &#273;&#7863;t v&#7883; th&#7871; tr&#432;&#7899;c nh&#7919;ng bi&#7871;n &#273;&#7897;ng l&#7899;n c&#7911;a th&#7883; tr&#432;&#7901;ng.
<img style="height:400px;width:640px;" decoding="async" alt="Grayscale Investments XLM Holdings. Source: Coinglass" class="wp-image-773245 lazy" loading="lazy" src="https://assets.beincrypto.com/img/nA09_MSPz1Nqc5VGeIgaxy7D1qw=/smart/2ea4427601de4b2d896917b8931b578f">L&#432;&#7907;ng XLM Holdings c&#7911;a Grayscale Investments. Ngu&#7891;n: <a href="https://www.coinglass.com/pro/gray/Grayscale" target="_blank" rel="noreferrer noopener nofollow">Coinglass</a>

Tuy nhi&ecirc;n, t&#7915; &#273;&#7847;u n&#259;m 2025, qu&#7929; &#273;&atilde; ng&#7915;ng t&iacute;ch l&#361;y. Gi&aacute; XLM kh&ocirc;ng c&ograve;n t&#7841;o ra c&aacute;c m&#7913;c cao m&#7899;i v&agrave; &#273;&atilde; v&agrave;o xu h&#432;&#7899;ng gi&#7843;m. So v&#7899;i &#273;&#7881;nh n&#259;m 2025, l&#432;&#7907;ng XLM c&#7911;a Grayscale gi&#7843;m nh&#7865; xu&#7889;ng c&ograve;n 116.8 tri&#7879;u.
Vi&#7879;c qu&#7929; kh&ocirc;ng b&aacute;n ra m&#7841;nh m&#7869; ph&#7843;n &aacute;nh quan &#273;i&#7875;m d&agrave;i h&#7841;n c&#7911;a c&aacute;c nh&agrave; &#273;&#7847;u t&#432;. H&#7885; d&#432;&#7901;ng nh&#432; coi XLM l&agrave; t&agrave;i s&#7843;n c&oacute; gi&aacute; tr&#7883; trong l&#297;nh v&#7921;c thanh to&aacute;n xuy&ecirc;n bi&ecirc;n gi&#7899;i.
&#272;&aacute;ng ch&uacute; &yacute; h&#417;n, c&#7893; phi&#7871;u c&#7911;a Grayscale Stellar Lumens Trust (GXLM) &#273;ang &#273;&#432;&#7907;c giao d&#7883;ch v&#7899;i m&#7913;c gi&aacute; cao h&#417;n so v&#7899;i Gi&aacute; tr&#7883; t&agrave;i s&#7843;n r&ograve;ng (NAV) th&#7921;c t&#7871;.
<img style="height:400px;width:640px;" decoding="async" alt="Grayscale Stellar Lumens Trust Performance. Source: Grayscale" class="wp-image-773250 lazy" style="width:1024px;height:auto" loading="lazy" src="https://assets.beincrypto.com/img/IKscMeEXxCMet4pF35rt29DHrj0=/smart/9ab5e002b4b94191b50f4ac343ffdd72">Hi&#7879;u su&#7845;t c&#7911;a Grayscale Stellar Lumens Trust. Ngu&#7891;n: <a href="https://www.grayscale.com/funds/grayscale-stellar-lumens-trust" target="_blank" rel="noreferrer noopener nofollow">Grayscale</a>

Gi&aacute; th&#7883; tr&#432;&#7901;ng c&#7911;a GXLM l&agrave; 24.85 USD, trong khi NAV m&#7895;i c&#7893; phi&#7871;u l&agrave; 22.29 USD.
Gi&aacute; th&#7883; tr&#432;&#7901;ng cao h&#417;n kho&#7843;ng 10&ndash;15% so v&#7899;i NAV. M&#7913;c ch&ecirc;nh l&#7879;ch n&agrave;y cho th&#7845;y c&aacute;c nh&agrave; &#273;&#7847;u t&#432; s&#7861;n s&agrave;ng tr&#7843; cao h&#417;n gi&aacute; tr&#7883; t&agrave;i s&#7843;n c&#417; b&#7843;n. T&igrave;nh tr&#7841;ng n&agrave;y &#273;&atilde; chi ph&#7889;i h&#7847;u h&#7871;t c&aacute;c phi&ecirc;n giao d&#7883;ch n&#259;m 2025.
Tuy nhi&ecirc;n, khi so s&aacute;nh l&#432;&#7907;ng XLM c&#7911;a Grayscale v&#7899;i <a href="https://www.coingecko.com/en/coins/stellar" target="_blank" rel="noreferrer noopener nofollow">h&#417;n 32 t&#7927; XLM ngu&#7891;n cung &#273;ang l&#432;u h&agrave;nh</a>, qu&#7929; ch&#7881; ki&#7875;m so&aacute;t kho&#7843;ng 0.36% ngu&#7891;n cung. L&#432;&#7907;ng n&agrave;y v&#7851;n qu&aacute; nh&#7887; &#273;&#7875; t&#7841;o ra b&#7845;t k&#7923; t&aacute;c &#273;&#7897;ng quy&#7871;t &#273;&#7883;nh n&agrave;o l&ecirc;n th&#7883; tr&#432;&#7901;ng.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading">Stellar (XLM) c&oacute; g&igrave; &#273;&#7875; ch&#7889;ng l&#7841;i &aacute;p l&#7921;c b&aacute;n?</h2>

Th&aacute;ng 11/2025 &#273;&aacute;nh d&#7845;u m&#7897;t kho&#7843;nh kh&#7855;c quan tr&#7885;ng khi b&#7843;y ng&#432;&#7901;i ch&#417;i crypto l&#7899;n &mdash; Fireblocks, Solana Foundation, TON Foundation, Polygon Labs, Stellar Development Foundation, Mysten Labs, v&agrave; Monad Foundation &mdash; <a href="https://x.com/bpconsortium/status/1986464063581294981" target="_blank" rel="noreferrer noopener nofollow">ch&iacute;nh th&#7913;c ra m&#7855;t</a> Li&ecirc;n minh Thanh to&aacute;n Blockchain (BPC).
Li&ecirc;n minh n&agrave;y nh&#7857;m th&uacute;c &#273;&#7849;y c&aacute;c ti&ecirc;u chu&#7849;n thanh to&aacute;n d&#7921;a tr&ecirc;n blockchain. BPC t&#7853;p trung v&agrave;o t&iacute;ch h&#7907;p xuy&ecirc;n chu&#7895;i, cho ph&eacute;p XLM ti&#7871;p c&#7853;n h&agrave;ng tri&#7879;u ng&#432;&#7901;i d&ugrave;ng trong c&aacute;c h&#7879; sinh th&aacute;i kh&aacute;c. Nh&#7919;ng ph&aacute;t tri&#7875;n n&agrave;y c&oacute; th&#7875; th&uacute;c &#273;&#7849;y nhu c&#7847;u trong n&#259;m 2026.
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;Trong qu&yacute; 3, m&#7841;ng Stellar &#273;&atilde; ch&#7913;ng ki&#7871;n s&#7921; t&#259;ng tr&#432;&#7903;ng 37% v&#7873; s&#7889; l&#432;&#7907;ng nh&agrave; ph&aacute;t tri&#7875;n to&agrave;n th&#7901;i gian, nhanh g&#7845;p 8 l&#7847;n so v&#7899;i t&#7889;c &#273;&#7897; t&#259;ng tr&#432;&#7903;ng c&#7911;a ng&agrave;nh,&rdquo; Stellar <a href="https://x.com/StellarOrg/status/1986507881857024163" target="_blank" rel="noreferrer noopener nofollow">cho bi&#7871;t</a>.
</blockquote>

Song song &#273;&oacute;, h&#7879; sinh th&aacute;i Stellar ti&#7871;p t&#7909;c ch&#7913;ng ki&#7871;n s&#7921; ph&aacute;t tri&#7875;n b&ugrave;ng n&#7893; trong <a href="https://beincrypto.com/learn/real-world-asset-tokens/" target="_blank" rel="noreferrer noopener">T&agrave;i s&#7843;n Th&#7921;c t&#7871; (RWA)</a>. T&#7893;ng gi&aacute; tr&#7883; RWA tr&ecirc;n m&#7841;ng &#273;&#7841;t m&#7913;c k&#7927; l&#7909;c 654 tri&#7879;u USD v&agrave;o th&aacute;ng 11/2025, t&#259;ng t&#7915; 300 tri&#7879;u USD &#273;&#7847;u n&#259;m.
<img style="height:400px;width:640px;" decoding="async" alt="Tokenized Asset Value on Stellar. Source: RWA" class="wp-image-773249 lazy" loading="lazy" src="https://assets.beincrypto.com/img/Hg1Khm8QU7IK9N--6YVxBONIb_E=/smart/0eb9fcbe2ef542f191b5d49a54ae5982">Gi&aacute; tr&#7883; t&agrave;i s&#7843;n &#273;&#432;&#7907;c m&atilde; h&oacute;a tr&ecirc;n Stellar. Ngu&#7891;n: <a href="https://app.rwa.xyz/networks/stellar" target="_blank" rel="noreferrer noopener nofollow">RWA</a>

Bi&#7875;u &#273;&#7891; t&#7915; RWA.xyz cho th&#7845;y s&#7921; &#273;&oacute;ng g&oacute;p &#273;&aacute;ng k&#7875; t&#7915; c&aacute;c qu&#7929; m&atilde; h&oacute;a, bao g&#7891;m Franklin OnChain US Government Fund v&agrave; WisdomTree Prime.
Tuy nhi&ecirc;n, c&aacute;c c&acirc;u chuy&#7879;n v&#7873; s&#7921; ch&#7845;p nh&#7853;n th&#7921;c t&#7871; kh&ocirc;ng ph&#7843;i l&uacute;c n&agrave;o c&#361;ng ph&ugrave; h&#7907;p v&#7899;i t&acirc;m l&yacute; th&#7883; tr&#432;&#7901;ng. &nbsp;Ph&acirc;n t&iacute;ch g&#7847;n &#273;&acirc;y ch&#7881; ra r&#7857;ng <a href="https://vn.beincrypto.com/stellar-xlm-price-outlook-for-november-2025/" target="_blank" rel="noreferrer noopener">XLM &#273;&atilde; c&oacute; l&#7883;ch s&#7917; ho&#7841;t &#273;&#7897;ng k&eacute;m trong th&aacute;ng 11</a>. Khi c&aacute;c altcoin ch&igrave;m trong <a href="https://vn.beincrypto.com/analysts-stay-optimistic-as-the-fear-and-greed-index-hits-record-lows/" target="_blank" rel="noreferrer noopener nofollow">n&#7895;i s&#7907; h&atilde;i c&#7921;c &#273;&#7897;</a>, XLM c&oacute; th&#7875; g&#7863;p kh&oacute; kh&#259;n trong vi&#7879;c tho&aacute;t kh&#7887;i xu h&#432;&#7899;ng ti&ecirc;u c&#7921;c chung.

Grayscale nắm giữ XLM như thế nào khi giá giảm hơn 50%

T&#7915; &#273;&#7881;nh n&#259;m 2025, Stellar (XLM) &#273;&atilde; gi&#7843;m t&#7915; 0.52 USD xu&#7889;ng c&ograve;n 0.26 USD. Grayscale &mdash; m&#7897;t trong nh&#7919;ng qu&#7929; &#273;&#7847;u t&#432; crypto h&agrave;ng &#273;&#7847;u &mdash; &#273;&atilde; qu&#7843;n l&yacute; &#273;&aacute;ng k&#7875; l&#432;&#7907;ng XLM trong &#273;&#7907;t gi&#7843;m gi&aacute; n&agrave;y.
N&#7895;i s&#7907; h&atilde;i c&#7921;c &#273;&#7897; tr&ecirc;n th&#7883; tr&#432;&#7901;ng v&agrave;o cu&#7889;i n&#259;m ti&#7871;p t&#7909;c l&agrave;m gia t&#259;ng k&#7923; v&#7885;ng ti&ecirc;u c&#7921;c. Stellar (XLM) c&#7847;n l&agrave;m g&igrave; &#273;&#7875; &#273;&#7889;i m&#7863;t v&#7899;i nh&#7919;ng tr&#7903; ng&#7841;i n&agrave;y?
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-grayscale-holds-more-than-116-million-xlm">Grayscale n&#7855;m gi&#7919; h&#417;n 116 tri&#7879;u XLM</h2>

Theo d&#7919; li&#7879;u m&#7899;i nh&#7845;t t&#7915; Coinglass, l&#432;&#7907;ng <a href="https://beincrypto.com/learn/buy-stellar/" target="_blank" rel="noreferrer noopener">XLM c&#7911;a Grayscale</a> &#273;&atilde; t&#259;ng t&#7915; n&#259;m ngo&aacute;i, tr&#432;&#7899;c khi XLM in m&#7897;t &ldquo;ng&#7885;n n&#7871;n th&#7847;n&rdquo; v&agrave;o th&aacute;ng 11/2024 v&#7899;i m&#7913;c t&#259;ng g&#7847;n 600%.
Grayscale &#273;&atilde; th&agrave;nh c&ocirc;ng trong vi&#7879;c t&iacute;ch l&#361;y XLM t&#7915; 70 tri&#7879;u l&ecirc;n 119 tri&#7879;u tr&#432;&#7899;c khi gi&aacute; t&#259;ng v&#7885;t. &#272;&#7897;ng th&aacute;i n&agrave;y cho th&#7845;y qu&#7929; n&agrave;y ho&#7841;t &#273;&#7897;ng hi&#7879;u qu&#7843; nh&#432; m&#7897;t ng&#432;&#7901;i ch&#417;i th&ocirc;ng minh khi &#273;&#7863;t v&#7883; th&#7871; tr&#432;&#7899;c nh&#7919;ng bi&#7871;n &#273;&#7897;ng l&#7899;n c&#7911;a th&#7883; tr&#432;&#7901;ng.
<img style="height:400px;width:640px;"decoding="async" alt="Grayscale Investments XLM Holdings. Source: Coinglass" class="wp-image-773245 lazy" loading="lazy" src="https://assets.beincrypto.com/img/nA09_MSPz1Nqc5VGeIgaxy7D1qw=/smart/2ea4427601de4b2d896917b8931b578f">L&#432;&#7907;ng XLM Holdings c&#7911;a Grayscale Investments. Ngu&#7891;n: <a href="https://www.coinglass.com/pro/gray/Grayscale" target="_blank" rel="noreferrer noopener nofollow">Coinglass</a>

Tuy nhi&ecirc;n, t&#7915; &#273;&#7847;u n&#259;m 2025, qu&#7929; &#273;&atilde; ng&#7915;ng t&iacute;ch l&#361;y. Gi&aacute; XLM kh&ocirc;ng c&ograve;n t&#7841;o ra c&aacute;c m&#7913;c cao m&#7899;i v&agrave; &#273;&atilde; v&agrave;o xu h&#432;&#7899;ng gi&#7843;m. So v&#7899;i &#273;&#7881;nh n&#259;m 2025, l&#432;&#7907;ng XLM c&#7911;a Grayscale gi&#7843;m nh&#7865; xu&#7889;ng c&ograve;n 116.8 tri&#7879;u.
Vi&#7879;c qu&#7929; kh&ocirc;ng b&aacute;n ra m&#7841;nh m&#7869; ph&#7843;n &aacute;nh quan &#273;i&#7875;m d&agrave;i h&#7841;n c&#7911;a c&aacute;c nh&agrave; &#273;&#7847;u t&#432;. H&#7885; d&#432;&#7901;ng nh&#432; coi XLM l&agrave; t&agrave;i s&#7843;n c&oacute; gi&aacute; tr&#7883; trong l&#297;nh v&#7921;c thanh to&aacute;n xuy&ecirc;n bi&ecirc;n gi&#7899;i.
&#272;&aacute;ng ch&uacute; &yacute; h&#417;n, c&#7893; phi&#7871;u c&#7911;a Grayscale Stellar Lumens Trust (GXLM) &#273;ang &#273;&#432;&#7907;c giao d&#7883;ch v&#7899;i m&#7913;c gi&aacute; cao h&#417;n so v&#7899;i Gi&aacute; tr&#7883; t&agrave;i s&#7843;n r&ograve;ng (NAV) th&#7921;c t&#7871;.
<img style="height:400px;width:640px;"decoding="async" alt="Grayscale Stellar Lumens Trust Performance. Source: Grayscale" class="wp-image-773250 lazy" style="width:1024px;height:auto" loading="lazy" src="https://assets.beincrypto.com/img/IKscMeEXxCMet4pF35rt29DHrj0=/smart/9ab5e002b4b94191b50f4ac343ffdd72">Hi&#7879;u su&#7845;t c&#7911;a Grayscale Stellar Lumens Trust. Ngu&#7891;n: <a href="https://www.grayscale.com/funds/grayscale-stellar-lumens-trust" target="_blank" rel="noreferrer noopener nofollow">Grayscale</a>

Gi&aacute; th&#7883; tr&#432;&#7901;ng c&#7911;a GXLM l&agrave; 24.85 USD, trong khi NAV m&#7895;i c&#7893; phi&#7871;u l&agrave; 22.29 USD.
Gi&aacute; th&#7883; tr&#432;&#7901;ng cao h&#417;n kho&#7843;ng 10&ndash;15% so v&#7899;i NAV. M&#7913;c ch&ecirc;nh l&#7879;ch n&agrave;y cho th&#7845;y c&aacute;c nh&agrave; &#273;&#7847;u t&#432; s&#7861;n s&agrave;ng tr&#7843; cao h&#417;n gi&aacute; tr&#7883; t&agrave;i s&#7843;n c&#417; b&#7843;n. T&igrave;nh tr&#7841;ng n&agrave;y &#273;&atilde; chi ph&#7889;i h&#7847;u h&#7871;t c&aacute;c phi&ecirc;n giao d&#7883;ch n&#259;m 2025.
Tuy nhi&ecirc;n, khi so s&aacute;nh l&#432;&#7907;ng XLM c&#7911;a Grayscale v&#7899;i <a href="https://www.coingecko.com/en/coins/stellar" target="_blank" rel="noreferrer noopener nofollow">h&#417;n 32 t&#7927; XLM ngu&#7891;n cung &#273;ang l&#432;u h&agrave;nh</a>, qu&#7929; ch&#7881; ki&#7875;m so&aacute;t kho&#7843;ng 0.36% ngu&#7891;n cung. L&#432;&#7907;ng n&agrave;y v&#7851;n qu&aacute; nh&#7887; &#273;&#7875; t&#7841;o ra b&#7845;t k&#7923; t&aacute;c &#273;&#7897;ng quy&#7871;t &#273;&#7883;nh n&agrave;o l&ecirc;n th&#7883; tr&#432;&#7901;ng.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading">Stellar (XLM) c&oacute; g&igrave; &#273;&#7875; ch&#7889;ng l&#7841;i &aacute;p l&#7921;c b&aacute;n?</h2>

Th&aacute;ng 11/2025 &#273;&aacute;nh d&#7845;u m&#7897;t kho&#7843;nh kh&#7855;c quan tr&#7885;ng khi b&#7843;y ng&#432;&#7901;i ch&#417;i crypto l&#7899;n &mdash; Fireblocks, Solana Foundation, TON Foundation, Polygon Labs, Stellar Development Foundation, Mysten Labs, v&agrave; Monad Foundation &mdash; <a href="https://x.com/bpconsortium/status/1986464063581294981" target="_blank" rel="noreferrer noopener nofollow">ch&iacute;nh th&#7913;c ra m&#7855;t</a> Li&ecirc;n minh Thanh to&aacute;n Blockchain (BPC).
Li&ecirc;n minh n&agrave;y nh&#7857;m th&uacute;c &#273;&#7849;y c&aacute;c ti&ecirc;u chu&#7849;n thanh to&aacute;n d&#7921;a tr&ecirc;n blockchain. BPC t&#7853;p trung v&agrave;o t&iacute;ch h&#7907;p xuy&ecirc;n chu&#7895;i, cho ph&eacute;p XLM ti&#7871;p c&#7853;n h&agrave;ng tri&#7879;u ng&#432;&#7901;i d&ugrave;ng trong c&aacute;c h&#7879; sinh th&aacute;i kh&aacute;c. Nh&#7919;ng ph&aacute;t tri&#7875;n n&agrave;y c&oacute; th&#7875; th&uacute;c &#273;&#7849;y nhu c&#7847;u trong n&#259;m 2026.
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;Trong qu&yacute; 3, m&#7841;ng Stellar &#273;&atilde; ch&#7913;ng ki&#7871;n s&#7921; t&#259;ng tr&#432;&#7903;ng 37% v&#7873; s&#7889; l&#432;&#7907;ng nh&agrave; ph&aacute;t tri&#7875;n to&agrave;n th&#7901;i gian, nhanh g&#7845;p 8 l&#7847;n so v&#7899;i t&#7889;c &#273;&#7897; t&#259;ng tr&#432;&#7903;ng c&#7911;a ng&agrave;nh,&rdquo; Stellar <a href="https://x.com/StellarOrg/status/1986507881857024163" target="_blank" rel="noreferrer noopener nofollow">cho bi&#7871;t</a>.
</blockquote>

Song song &#273;&oacute;, h&#7879; sinh th&aacute;i Stellar ti&#7871;p t&#7909;c ch&#7913;ng ki&#7871;n s&#7921; ph&aacute;t tri&#7875;n b&ugrave;ng n&#7893; trong <a href="https://beincrypto.com/learn/real-world-asset-tokens/" target="_blank" rel="noreferrer noopener">T&agrave;i s&#7843;n Th&#7921;c t&#7871; (RWA)</a>. T&#7893;ng gi&aacute; tr&#7883; RWA tr&ecirc;n m&#7841;ng &#273;&#7841;t m&#7913;c k&#7927; l&#7909;c 654 tri&#7879;u USD v&agrave;o th&aacute;ng 11/2025, t&#259;ng t&#7915; 300 tri&#7879;u USD &#273;&#7847;u n&#259;m.
<img style="height:400px;width:640px;"decoding="async" alt="Tokenized Asset Value on Stellar. Source: RWA" class="wp-image-773249 lazy" loading="lazy" src="https://assets.beincrypto.com/img/Hg1Khm8QU7IK9N--6YVxBONIb_E=/smart/0eb9fcbe2ef542f191b5d49a54ae5982">Gi&aacute; tr&#7883; t&agrave;i s&#7843;n &#273;&#432;&#7907;c m&atilde; h&oacute;a tr&ecirc;n Stellar. Ngu&#7891;n: <a href="https://app.rwa.xyz/networks/stellar" target="_blank" rel="noreferrer noopener nofollow">RWA</a>

Bi&#7875;u &#273;&#7891; t&#7915; RWA.xyz cho th&#7845;y s&#7921; &#273;&oacute;ng g&oacute;p &#273;&aacute;ng k&#7875; t&#7915; c&aacute;c qu&#7929; m&atilde; h&oacute;a, bao g&#7891;m Franklin OnChain US Government Fund v&agrave; WisdomTree Prime.
Tuy nhi&ecirc;n, c&aacute;c c&acirc;u chuy&#7879;n v&#7873; s&#7921; ch&#7845;p nh&#7853;n th&#7921;c t&#7871; kh&ocirc;ng ph&#7843;i l&uacute;c n&agrave;o c&#361;ng ph&ugrave; h&#7907;p v&#7899;i t&acirc;m l&yacute; th&#7883; tr&#432;&#7901;ng. &nbsp;Ph&acirc;n t&iacute;ch g&#7847;n &#273;&acirc;y ch&#7881; ra r&#7857;ng <a href="https://vn.beincrypto.com/stellar-xlm-price-outlook-for-november-2025/" target="_blank" rel="noreferrer noopener">XLM &#273;&atilde; c&oacute; l&#7883;ch s&#7917; ho&#7841;t &#273;&#7897;ng k&eacute;m trong th&aacute;ng 11</a>. Khi c&aacute;c altcoin ch&igrave;m trong <a href="https://vn.beincrypto.com/analysts-stay-optimistic-as-the-fear-and-greed-index-hits-record-lows/" target="_blank" rel="noreferrer noopener nofollow">n&#7895;i s&#7907; h&atilde;i c&#7921;c &#273;&#7897;</a>, XLM c&oacute; th&#7875; g&#7863;p kh&oacute; kh&#259;n trong vi&#7879;c tho&aacute;t kh&#7887;i xu h&#432;&#7899;ng ti&ecirc;u c&#7921;c chung.