Ex-Ripple Exec Shares What Burning XRP Means, But Does It Influence Price?

Notably, Stellar conducted a large-scale token burn in November 2019, eliminating half of its supply. Schwartz argued that, despite the significant reduction in supply, the move had no immediate, direct impact on XLM’s price. The chart showed no meaningful price surge throughout November that year or in the following months, with the only noticeable upward movement appearing around February to March of the next year.