Stellar Development Foundation has burned 55B XLM tokens, worth ~$4.7B, shrinking the supply from 105B to 50B; XLM's price jumped as much as ~25% on news (Aaron Wood/Cointelegraph)

Aaron Wood / Cointelegraph:
Stellar Development Foundation has burned 55B XLM tokens, worth ~$4.7B, shrinking the supply from 105B to 50B; XLM's price jumped as much as ~25% on news  —  The Stellar Development Foundation (SDF) announced a new mandate today for its network's development, stating that it has burned over 55 billion Stellar Lumens (XLM) tokens.

from Techmeme https://ift.tt/34JF7z5