Stellar Price Jumps 20% after Foundation Burns Half of All Tokens

Cryptonews XLM prices are skyrocketing after a group named the Stellar Development Foundation (SDF) burned a whopping 55 billion tokens – effectively destroying over half of the Stellar Lumens tokens in existence. The SDF made its announcement in a blog post, leading to a 24-hour price surge of over 20%. At pixel time (06:10 UTC), XLM trades at c. USD 0.081 and is up by 19% in the November 05, 2019 at 11:33AM By Crypto News