Stellar Lumens announced the completion of a 50% token burn of their total supply. Total of 55 billion (XLM) tokens burnt and the Stellar Development Foundation explained that the token burn was designed to provoke efficiency within the Stellar ecosystem.
After this, the price of XLM surged 25% after the announcement this triggered the market to become bullish on the altcoin. Given that a growing number of altcoins are beginning to produce noticeable returns, an analysis of the technical aspects of XLM is warranted.
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