$LSK explodes by more than 300% within one day! The coin started at $0.2234 and reached a price of $2 — what’s the story? 👇
🔥 Strategic shift: Lisk is moving toward stablecoin payment solutions for businesses, with the older network set to be shut down in October.
🔥 Possible burn: A proposal to burn 100 million LSK—reducing the supply by about 25%—but the vote hasn’t been decided yet.
📈 Short squeeze: More than $33 million in short sell positions were liquidated, sparking the surge.
⚠️ And after breaking above $2, the price quickly retreated back toward $0.80.
#LSK #crypto #altcoins
🔥 Strategic shift: Lisk is moving toward stablecoin payment solutions for businesses, with the older network set to be shut down in October.
🔥 Possible burn: A proposal to burn 100 million LSK—reducing the supply by about 25%—but the vote hasn’t been decided yet.
📈 Short squeeze: More than $33 million in short sell positions were liquidated, sparking the surge.
⚠️ And after breaking above $2, the price quickly retreated back toward $0.80.
#LSK #crypto #altcoins
