Stellar burned half of it's supply and Price Spikes

The Stellar Foundation burned half of its digital token’s 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 the stellar Foundation, Denelle Dixon.

Source: TheCoinRepublic

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