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RE: Burned tokens, rewards, and inflation summary September 17, 2022 - Total burn estimates: 96,709K STEEM/SP and 60 SBD
Yes, the burning is likely more of a community signal, than an actual price mover.
Buy demand will always be the only true market mover. Hungry-Griffin is pushing on that lever today.
I guess there is a big pile of STEEM on the exchanges to be soaked up before the price starts to move up appreciably. Although there was a bit of a price spike a few hours ago.