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: TheCoinRepublicBurning of token has been a very good way of increasing the value of the token because the supply will become limited and this was the practice of binance too that made them to have a very increased token value form the $1 to the current value, if they had not been doing that, they probably would not have grown as much as they have grown now, which is also the same way that stellar will grow now that they have also planned to burn their own token, at least it will make the value keep appreciating no matter how little it is pending the time that the altcoins season starts when it will have a very good growth in value alongside other top solid coins that are in the market also, coupled with the fact that they have a real working product to also assist in pushing up.