#lsk24小时上涨超515% LSK jumps fivefold in a day—did the CEO run first? This on-chain data is too interesting
This surge was driven most by the short side. According to Coinglass data, in the past 24 hours, short positions liquidated a total of $23.18 million—number one across the whole market. The price rose from 0.2 to 2.37, offering a tenfold upside. The shorts were basically squeezed to death. But there’s one striking on-chain detail—Earnings Ember monitoring found that an address associated with CEO Max Kordek. After the pump, it deposited 3.3 million LSK into Binance, worth $3.79 million. Think about that.
Were holders’ actual sell-outs involved? Yes. But what the project did by charging/depositing here looks more like distributing at high levels during the liquidation frenzy. Faking the squeeze is real, and selling into strength is also real—these two things don’t contradict each other.
As for deposits/withdrawals getting blocked and the price gap with the exchange next door, the root cause is that the Lisk Chain is about to shut down—offline on October 31.
To move on-chain assets back to Ethereum, you need to un-stake for three days plus bridge for seven more days. After all the shuffling, it takes about half a month. With liquidity physically cut between exchanges, the price spread naturally blows up. This kind of spread arbitrage looks tempting, but in practice nothing can be moved.
In one sentence: in a squeeze-driven market, don’t get carried away. $LSK
This surge was driven most by the short side. According to Coinglass data, in the past 24 hours, short positions liquidated a total of $23.18 million—number one across the whole market. The price rose from 0.2 to 2.37, offering a tenfold upside. The shorts were basically squeezed to death. But there’s one striking on-chain detail—Earnings Ember monitoring found that an address associated with CEO Max Kordek. After the pump, it deposited 3.3 million LSK into Binance, worth $3.79 million. Think about that.
Were holders’ actual sell-outs involved? Yes. But what the project did by charging/depositing here looks more like distributing at high levels during the liquidation frenzy. Faking the squeeze is real, and selling into strength is also real—these two things don’t contradict each other.
As for deposits/withdrawals getting blocked and the price gap with the exchange next door, the root cause is that the Lisk Chain is about to shut down—offline on October 31.
To move on-chain assets back to Ethereum, you need to un-stake for three days plus bridge for seven more days. After all the shuffling, it takes about half a month. With liquidity physically cut between exchanges, the price spread naturally blows up. This kind of spread arbitrage looks tempting, but in practice nothing can be moved.
In one sentence: in a squeeze-driven market, don’t get carried away. $LSK
