🚨 Important and critical reminder for Lisk coin holders ($LSK ) 🚨
The Lisk project is going through the biggest strategic and radical turning point in its history, as the market is currently witnessing rapidly unfolding events that combined a sudden rocket-like surge as a result of a "short squeeze" ("liquidation of futures contracts"), along with structural changes to the blockchain.
📌 Here are the most important current updates you should know:
1️⃣ Burn 25% of the supply: Based on a DAO vote, the project officially began burning 100 million LSK tokens from the treasury, reducing the maximum total supply from 400 million to 300 million tokens—an overall positive factor for the coin’s Tokenomics in the long term.
2️⃣ Lisk Chain network shutdown: The project’s original network will stop operating completely on 31 October 2026. The project will fully transition to focus on a financial operations platform and stable, enterprise-focused payments for institutions and companies.
3️⃣ Mandatory migration: If you store your coins on the old network or you do Staking, you must transfer (Bridge) them to the Ethereum$ or Base network before the actual deadline (around 21 October 2026) to avoid losing them permanently. (Note: If your coins are on Binance or major exchanges, there’s no need to worry—the platforms handle the migration automatically).
💡 Price outlook: The high volatility and recent spikes were driven by a temporary low-liquidity environment before the shutdown and short-position liquidations—so please be cautious about entering randomly and manage your risk very carefully!
💬 Share your thoughts in the comments: Do you think the shift toward enterprise services and burning part of the supply will strongly revive the LSK coin, or would you rather stay away from it for now? 👇
