The Stellar Development Foundation burned 55 billion XLM tokens, reducing total supply to 50 billion. The move eliminated tokens earmarked for giveaways and airdrops, sending XLM price up 25% in an hour to $0.087.
The Stellar Development Foundation announced a major token burn of 55 billion lumens, permanently removing them from circulation. The burn consisted of 5 billion from the foundation's operating fund and 50 billion from giveaway allocations previously designated for partnerships and airdrops. SDF stated the move would make the foundation leaner while maintaining impact, noting that large-scale giveaways have shown diminishing returns. The announcement triggered a 25% price surge in XLM within an hour, rising from $0.07 to $0.087, with the token settling at $0.081 by day's end, up 17% overall. The burn reduces total XLM supply to 50 billion units, with approximately 30 billion remaining under SDF control.