Stellar lumens token burn displaying market price inefficiencies

Last week, the Stellar Development Foundation (SDF) announced that it had burned 55 billion lumens (XLM) or 52% of the existing supply (worth about $4.4 billion at the time of the burn).  After realizing the "diminishing effects" of its token giveaways, the foundation made a complete 180, and chose to reduce the token supply rather than try to force adoption through dilutive airdrops.

Prior to the event, the foundation had controlled 85 billion of the 105 billion existing lumens. After the burn, SDF now controls 30 billion out of the existing 50 billion.  Although none of the 55 billion lumens burned were part of the current circulating supply, the vast majority of these tokens had previously been set to be added to the circulating supply via airdrops and partnership programs.