$LSK This is the most unusual move yet: the chain is being shut down, but the coin keeps rising. Don’t chase it for now—the market is抢 the “scarcity of destroying 25% of the supply,” and it’s also betting on short liquidation in negative funding rates.
Lisk officials have confirmed: the Lisk Chain and the DAO are entering the wrap-up phase, with the chain closing on October 31. After 100 million LSK are burned, the total supply will drop from 400 million to 300 million. The tokens will be moved to Ethereum, but in the new products, LSK is only an optional loyalty and rewards layer—not a mandatory requirement for using the product. Scarcity is real, and so is the rewriting of its original purpose.
On Binance, the full 1-hour move from 10:00 saw a gain of 11.6%. The USD value of holdings increased by 17.8% over the same period, yet the funding rate is about -0.199% per hour. Spot at 0.4455 is also higher than the futures mark at 0.4399. After breaking above 0.4266, the short squeeze is still continuing—but if, within an hour, it closes back below 0.378, the structure will turn weaker. Is this round setting prices for the burn, or is it overextending the new use case?$LSK #Lisk #合约数据 #Token Burn
Lisk officials have confirmed: the Lisk Chain and the DAO are entering the wrap-up phase, with the chain closing on October 31. After 100 million LSK are burned, the total supply will drop from 400 million to 300 million. The tokens will be moved to Ethereum, but in the new products, LSK is only an optional loyalty and rewards layer—not a mandatory requirement for using the product. Scarcity is real, and so is the rewriting of its original purpose.
On Binance, the full 1-hour move from 10:00 saw a gain of 11.6%. The USD value of holdings increased by 17.8% over the same period, yet the funding rate is about -0.199% per hour. Spot at 0.4455 is also higher than the futures mark at 0.4399. After breaking above 0.4266, the short squeeze is still continuing—but if, within an hour, it closes back below 0.378, the structure will turn weaker. Is this round setting prices for the burn, or is it overextending the new use case?$LSK #Lisk #合约数据 #Token Burn
