Another old public blockchain is also about to reach its end. Lisk, behind $LSK , announced that it will cease operations on October 31. This long-running project, which originally focused on lowering the barrier to blockchain development with JavaScript, has ultimately failed to endure this cycle.
As the news continues to spread, selling pressure is visibly increasing: the current price is about $0.164, the market cap is only around $35.8 million, 24-hour trading volume is less than $7 million, and the order book is already quite thin.
The logic behind this round of decline is actually very clear:
1. Project termination means the end of the long-term narrative, and expectations for ecosystem value are directly driven to zero;
2. Liquidity was already thin, and after panic selling emerged, there was no support, making the downtrend easy to reinforce itself;
3. With the shutdown date fixed, holders have only one way out, and selling pressure will repeatedly suppress every rebound.
Events like this have taught all holders a lesson: the biggest risk for old small-cap coins has never been volatility, but the project team actively shutting down. Please rely on official announcements for everything, keep a close eye on the final migration and redemption arrangements, and do not use the inertia of "it will always rebound after falling too much" to catch a token with a clearly defined termination date. The pulse-like surge before shutdown is mostly an exit window rather than a reversal signal — control your hands, and do not catch a falling knife.
#Lisk #LSK #cryptocurrency
As the news continues to spread, selling pressure is visibly increasing: the current price is about $0.164, the market cap is only around $35.8 million, 24-hour trading volume is less than $7 million, and the order book is already quite thin.
The logic behind this round of decline is actually very clear:
1. Project termination means the end of the long-term narrative, and expectations for ecosystem value are directly driven to zero;
2. Liquidity was already thin, and after panic selling emerged, there was no support, making the downtrend easy to reinforce itself;
3. With the shutdown date fixed, holders have only one way out, and selling pressure will repeatedly suppress every rebound.
Events like this have taught all holders a lesson: the biggest risk for old small-cap coins has never been volatility, but the project team actively shutting down. Please rely on official announcements for everything, keep a close eye on the final migration and redemption arrangements, and do not use the inertia of "it will always rebound after falling too much" to catch a token with a clearly defined termination date. The pulse-like surge before shutdown is mostly an exit window rather than a reversal signal — control your hands, and do not catch a falling knife.
#Lisk #LSK #cryptocurrency