Stellar burns tokens

On November 4th, Stellar significantly reduced the number of tokens, burning $4.7 worth of XLM. The foundation explains over 50 billion tokens burned as a measure to become more efficient. After cutting tokens in circulation (mostly from giveaway programs) there are currently 20 billion XLM on the market. This resulted in a 30% rollacoaster price move, as traders are speculating on the news.