Stellar Development Foundation has burned 55B XLM tokens, worth ~$4.7B, shrinking the supply from 105B to 50B; XLM's price jumped as much as ~25% on news
The Stellar Development Foundation (SDF) announced a new mandate today for its network's development, stating that it has burned over 55 billion Stellar Lumens (XLM) tokens.
Related Coverage
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- Crypto Community Skeptical About XLM Coin Burn Bitcoinist.com · Martin Young
- Stellar (XLM) Surges 14% Following SDF's Massive 55 Billion Lumens Token Burn Ethereum World News · Omar Faridi
- Stellar Foundation Burns 55 Billion XLM Tokens, Half of the Total Supply Coinspeaker · Bhushan Akolkar
Discussion
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@stellarorg
@stellarorg
on x
SDF's Next Steps Read now: https://www.stellar.org/...
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@scottmelker
@scottmelker
on x
I instantly bought $XLM at 800 when I read this. A rare moment where I “fomo” into something, but this is the kind of news that can cause an earth shattering move. https://twitter.com/...