Was reading new and came across this
article by coin telegram.
What is your call? Will there be a XLM bull run?
First we need to know, how useful XLM is. If it is useful then it would have a demands, then the question will become how big the demand is.
From this, we can start to argue will this burning affect significantly to the price or just become nothing.
Well, here the explanation. If the demand for real use is high and the supply (after burning) won't be able to cover it then the price obviously will up high. But, no matter how much you will burn a coin, if it has no real use, real value, real demand, then even you want to burn like 99% of the supply, it won't change anything.