Quick TakeAfter observing “diminishing results” from its token giveaways, the Stellar Development Foundation chose to burn 55 billion of the existing 105 billion lumens (XLM) rather than mostly distribute it via airdrops and partnership programsAlthough the token supply had been effectively reduced by approximately 50%, the price of XLM only went up ~20% after the announcementThis could possibly be a signal that XLM was overpriced to begin withGiven the lack of token-specific catalysts and high correlations to Bitcoin prices, perhaps the potential reward is not worth the risk for short sellers leading to inefficient market prices
