Stellar Development Foundation burned 55 billion XLM tokens, reducing total supply from 105 billion to 50 billion. CEO Denelle Dixon announced the move at Stellar Meridian, stating the foundation calibrated its holdings to what it could realistically use over 10 years rather than an arbitrary number.
The Stellar Development Foundation announced a major token burn of 55 billion XLM at the Stellar Meridian conference, reducing total supply from 105 billion to 50 billion. CEO Denelle Dixon explained the decision was based on calculating what the foundation could actually deploy over a 10-year period rather than holding excess tokens. The foundation now controls 30 billion XLM allocated across development (12B), ecosystem support (2B), investments (10B), and user acquisition (6B). The announcement was well-received by the community, with XLM's price jumping 14 percent to $0.08 in the following hour. The supply is now fixed after token holders voted to discontinue inflation in October.