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.
I just now heard about this stellar stuff. But I really commend this intelligent of them. They maybe got a hard time making a decent price in the market. Anyway of this, isn't it this an abusive? However I am just wondering what might come after that. Although the demand is high due to low supply then after that what's next for them? Are they going to revert back to their original price?