Trader: XLM price increase does not reflect the number of crypto tokens destroyed

According to Bitcoinist, it was previously reported that Stellar destroyed 55 billion lumens, accounting for about 50% of the total supply, and XLM prices also exceeded $0.08. Encrypted trader Nic Carter conducted an in-depth investigation of the data and said that the price increase did not reflect the number of crypto tokens that were destroyed. He pointed out that XLM only rose by 20% (instead of 100%) in the news, and 50% of the supply is being burned. This is a strong evidence against the argument that "destruction is deflation". Trader and analyst Luke Martin pointed out that a small number of individuals still control the supply of cryptocurrency. He said that if they could halve the XLM supply, they could double it.