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: TheCoinRepublicA price spikes after burning half of it supply is not suprising this is normal to crypto world specially if the aktcoin that announce a burning is popular, now I'm expecting more increase after this news spread to the market.