What's going up with XML?

[Davian144]

I do not know what has happened to Stellar all this time, try asking with more specific or more complete information, so that people here can know and not feel curious about the question that you ask, because the price in the market, Stellar has not gone up so much .

[hulla]

Is this a good thing for all companies which 'use' stellar?

In addition to what others have said. The company burned almost half of their total token supply which is $4.7billion in other to create some pump in price of the token but you need to understand that XLM is a centralized coin and centralized coin can be manipulated anytime which mean the token burns may not also trigger surge in price of the token.

[Onuohakk]

XYM are not the only altcoin that has burned huge amount of their tokens. CryptoMarketAd also burned about 4.8billion of their token and it didn't skyrocket their token price at all. Burning of tokens is like removing waste products entirely from your system. XYM burning their token won't create any impact in their price