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: TheCoinRepublicAfter giving a lot of airdrops now they burn the half, this is like a buy back program without spending money. This is what I like, they always innovate and surprise their fans. But it seems that this news does not really affect to the price of XLM in the market, because even the supply has decreases, but if demand does not increase it does not mean anything. So I think, to increase the demand, they should not only burn the half, but also have to add use value to XLM itself.