Stellar destroyed 55 Billion of the Total Supply and price jumped 16%.

Stellar destroyed 55 Billion of the Total Supply and price jumped 16%.


burn flames free image from Pixabay Here.​​​

The Stellar Foundation destroyed 55 Billion of the total supply and the price jump in about 16% after the burning. That was a massive burn of tokens that was destinated to Airdrops,rewards and Partnerships.

After the massive Burn the remaining XLM Are the following:

stellar-development-remaining-lumens

SDF image​​​

The Stellar Lummens Foundation was one of the companies that most giveaways and Airdrop distributed and those times maybe now ended. The pump after the Burn was not caused by the Market but a consequence of the burning and sound more as " artificial burn" that was caused by the Dev Team and took the asset to return to the top 10 at CoinMarketCap and that is good because will give more notority to the asset and will Capt more investors to the asset.

Let's see what the next steps from the devs are and what they planning to take the Cryptocurrency to become a Global payment asset!

Original Posted at Uptrennd From My original Authorship.


alberdioni8406
alberdioni8406

A Bitcoin & Crypto enthusiast also a crypto content independent writer!


Uptrennd platform by Alberto Dionisio
Uptrennd platform by Alberto Dionisio

Uptrennd is a Social Network that pay you to create content online and get engaged and all my Articles From Uptrennd I will Republish Here in this Blog!

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.