February 20, 2024

XLM shows significant growth

XLM shows significant growth

The price of Stellar skyrocketed by 25% after wiping out half of the entire supply of coins.

Cryptocurrency project,founded by a former Ripple executive, burned over 50% of XLM tokens by sending them to an address without an owner. As a result, Stellar's total supply has been reduced to 50 billion tokens.

Stellar Development Fund (SDF) employees said on their blog that they destroyed most of the tokens that were stored for airdrops and affiliate programs.

According to representatives of SDF, tokens will no longer be destroyed on the network, as the current offer fully coincides with that which was planned in the project roadmap.

According to today's ForkNews forecast, afterToken destruction buyers managed to break through the psychological support of $ 0.080 and set a maximum at $ 0.088. At the time of writing, the asset is trading just above the $ 0.080 mark.

Based on materialsu.today