đ„ Whatâs happening with LSK right now
On October 31, 2026, Lisk will close its own Lisk Chain. Ethereum becomes the main network for LSK, and the project itself changes directionâturning into a platform for companiesâ financial operations.
100 million LSK will be burned. This is no longer hearsay: the DAO proposal has passed. The total token supply should fall from 400 million to 300 million LSK after the burn is completed.
In September, LSK saw a real pump: the price briefly rose above $2 and then sharply pulled back. According to BeInCrypto, out of $41.13 million in liquidations over the day, about $33.68 million came from shortsâmeaning the move was largely fueled by a short squeeze.
There have been talks around LSK about a possible supply deficit due to the burn, but itâs important: the burn itself is already confirmed, though its impact on the price cannot be guaranteed in advance.
There is also a serious risk: back in July, Binance placed LSK in a Monitoring Tag, which means heightened attention to the asset and a potential risk of further restrictions/delisting.$LSK
On October 31, 2026, Lisk will close its own Lisk Chain. Ethereum becomes the main network for LSK, and the project itself changes directionâturning into a platform for companiesâ financial operations.
100 million LSK will be burned. This is no longer hearsay: the DAO proposal has passed. The total token supply should fall from 400 million to 300 million LSK after the burn is completed.
In September, LSK saw a real pump: the price briefly rose above $2 and then sharply pulled back. According to BeInCrypto, out of $41.13 million in liquidations over the day, about $33.68 million came from shortsâmeaning the move was largely fueled by a short squeeze.
There have been talks around LSK about a possible supply deficit due to the burn, but itâs important: the burn itself is already confirmed, though its impact on the price cannot be guaranteed in advance.
There is also a serious risk: back in July, Binance placed LSK in a Monitoring Tag, which means heightened attention to the asset and a potential risk of further restrictions/delisting.$LSK
