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: TheCoinRepublicGood move, who knows, probably they are going to target $1, the price promised by McCaleb a time ago. I didn't miss this spike and sold a little bit in hope the spike will decay and I buy back.