From what I've been reading, the Stellar foundation's burned off 55 billion of the XLM it previously held and has in effect decreased the total supply of XLM to just 50 billion instead of the 105 billion supply previously.
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Here's the transaction information about that: https://stellar.expert/explorer/public/tx/fc66377172cfeb1c464ddf6f316feee565d4cb2e8c7b14e75adb301524b40e8b
What do you think everyone? Exit scam? Hmmmm.
XLM is fork of xrp right? And I don't think the burned of their token will affect the price (pump). Because I believe that if their token has no use or no one buying those coin or using their network then it's impossible to increase in price, unless it is manipulated for pump and dump.
