🚨 $LSK JUST WENT CRAZY… BUT THERE’S A CATCH 👀🔥
Lisk’s DAO approved a 100M LSK burn, roughly 25% of supply, sending LSK from $0.24 → $1.17 — a massive 297% rally. 📈
Volume reportedly peaked near $64M, while around $34M in shorts were liquidated globally. 💥
But here’s the part I’d watch closely: the burned tokens are locked until 2027–2033, so there’s no immediate circulating-supply reduction.
And after the pump, Lisk’s CEO reportedly moved 3.3M LSK to an exchange. ⚠️
Big burn narrative, yes. But supply mechanics and potential sell pressure matter too.
$龙虾
$POWER
Lisk’s DAO approved a 100M LSK burn, roughly 25% of supply, sending LSK from $0.24 → $1.17 — a massive 297% rally. 📈
Volume reportedly peaked near $64M, while around $34M in shorts were liquidated globally. 💥
But here’s the part I’d watch closely: the burned tokens are locked until 2027–2033, so there’s no immediate circulating-supply reduction.
And after the pump, Lisk’s CEO reportedly moved 3.3M LSK to an exchange. ⚠️
Big burn narrative, yes. But supply mechanics and potential sell pressure matter too.
$龙虾
$POWER
🚀 More Pump
📉 Big Dump
🦀 Sideways
2 hr(s) left
