Lisk (#LSK ) over the past 24 hours has turned into one of the hottest assets on the market.
According to market data, on September 13, LSK at that moment was showing growth of more than 700% in 24 hours. On HTX, the price reached about $2, while on other platforms at the same moment the quotes differed significantly.
But the most interesting thing is not the growth number itself.
The main factor is the futures market.
Over the past day, open interest in LSK futures grew by approximately 739%—to $185 million.
Futures trading volume exceeded $3 billion, increasing by more than 10 times.
At the same time, more than $35 million in positions were liquidated—about $31 million of that in shorts.
This looks very similar to a classic short squeeze:
the price starts rising sharply → shorts incur losses → exchanges forcibly close positions → liquidations create additional demand → the price rises even more → a new wave of liquidations kicks off.
That’s why the LSK move looks almost vertical.
But where did the demand itself come from?
In #lisk there are immediately several strong catalysts.
The project announced the closure of the Lisk Chain on October 31, 2026, and the transition to a new model—a financial platform for business.
Meanwhile, Lisk proposed burning 100 million LSK from the DAO treasury. This should reduce the total token supply from roughly 400 million to 300 million LSK.
For the market, this creates a simple story:
less supply + a new business model + a massive spike in futures activity = the perfect environment for a speculative pump.
However, there is an important nuance.
Even before the current surge, Binance added LSK to Monitoring Tag. This means an increased risk level and the possibility of a future delisting if the asset stops meeting the exchange’s criteria.
Therefore, the fundamental picture remains contradictory.
On one side, there’s a potential 100 million LSK burn, a new development direction, and a huge inflow of speculative capital.
On the other hand, the closure of the old Lisk Chain, the need to migrate assets, Monitoring Tag Binance, and extremely high volatility.
What’s next?
After a move of hundreds of percent, the main question is no longer whether LSK can continue to rise.
The key question is how much of this move was real demand, and how much was the result of short liquidations?
If, after the short squeeze is over, LSK can form a new support zone and hold it, then the current pump could become the beginning of a new trend.
If the price then begins to quickly revert to pre-pump levels, it will be a sign that a significant part of the move was precisely a futures-driven anomaly.
And one more thing: don’t focus only on the +700% figure. On different exchanges during this move, very large discrepancies in quotes were observed, which in itself is a signal of extreme market instability.
In my opinion, LSK is no longer a typical altcoin right now, but an extremely high-risk asset, where the futures market has temporarily become the main driver of the price.
It will be interesting to see where LSK forms its first real support after the liquidation wave ends.