The Stellar Foundation burned half of its digital tokens supply of around 55 billion XLM feed an approximate value of $ 4.7 billion were burned. On Monday, the foundation announced that they have done this for network growth. The announcement made during the stellar Meridian Conference by the CEO of stellar Foundation, Denelle Dixon.
Source: TheCoinRepublic Yes, I have heard this news and immediately XLM has increased by more than 20%. This is really a good sign that businesses are doing their best to grow.
This is also considered to be an action to show that they are always aiming at business development, I highly appreciate this strategy. Stellar is a reliable business to buy and hold for long periods.