I'd be happy if stellar took a leg up to 1400 sats. I keep think its going, then it hits resistance. But long term, I'm a little concerned because there are so many outstanding lumens. The last airdrop didn't help the price any.
The airdrops are done. Only XLM going out now is the Build Challenge participants.
However, I do agree... SDF holds a large amount of Stellar Lumens. But, I expect that is built into the price.
however, I wouldn't mind seeing the SDF decide to burn the un-allocated XLM once the build challenge is over so they only hold the initially planned 5%.
So, I have no idea how they plan to meet their mandate of giving away all 95 billion. It looks to me if I'm reading the dashboard correctly that only 17.85 billion of 103 billion that exist are in circulation. The rest are held by the SDF.
I think the SDF has said that some, maybe most, of the future giveaway will have a lockup period of several years attached to it.
In terms of a burn, I once suggested in here that I could see that happening, not based on any info, but just based on this being crypto and there being that massive reserve. I was told that it'd never happen since the coin is built on the giveaway distribution method. I still think a burn could happen though. And since that's the biggest thing holding the price down, I think XLM could really explode after that.
