$LSK And here are the newsđ¨
Iâll note right away that 76% of the tokens are sitting in the projectâs wallet, although practically the entire supply has already been unlocked.
It gives the impression that they bought their own tokens, because on May 21, 2024 there were 169 million tokens in this wallet, and the very next day it was 258 million tokens, even though on that day there was an unlock and the recipients were Migrated LSK Holders. So itâs not entirely clear why the tokens of Holdes ended up in this wallet.
At the end of August, the project announced its plans to burn tokens: they plan to burn 25%. The number of coins from 400 million would drop to 300 millionâunder those conditions, if the bulk of the tokens is in one wallet, of course that would lead to price growth, though not to the extent of what we have today.
But, against that backdrop, big players could also have purchased tokens, thereby pushing the price upâand then a cascade of liquidations began.
But, in my opinion, this is still a phenomenal rise.
Key date: October 31, 2026. The old Lisk Chain network will be completely shut down, and if any tokens remain there, they will be burnedâtokens will migrate to Ethereum.
Too many news, too much hype around the old coin. By the way, back in the distant 2018 it was worth $30+
$CVC
$STEEM
Iâll note right away that 76% of the tokens are sitting in the projectâs wallet, although practically the entire supply has already been unlocked.
It gives the impression that they bought their own tokens, because on May 21, 2024 there were 169 million tokens in this wallet, and the very next day it was 258 million tokens, even though on that day there was an unlock and the recipients were Migrated LSK Holders. So itâs not entirely clear why the tokens of Holdes ended up in this wallet.
At the end of August, the project announced its plans to burn tokens: they plan to burn 25%. The number of coins from 400 million would drop to 300 millionâunder those conditions, if the bulk of the tokens is in one wallet, of course that would lead to price growth, though not to the extent of what we have today.
But, against that backdrop, big players could also have purchased tokens, thereby pushing the price upâand then a cascade of liquidations began.
But, in my opinion, this is still a phenomenal rise.
Key date: October 31, 2026. The old Lisk Chain network will be completely shut down, and if any tokens remain there, they will be burnedâtokens will migrate to Ethereum.
Too many news, too much hype around the old coin. By the way, back in the distant 2018 it was worth $30+
$CVC
$STEEM
