$LSK Lisk (LSK) Market Update: The Chain Is Dead, but the Squeeze Is Just Getting Started — $0.3187 Is the Trigger
LSK is trading near $0.297**, up **41.5% in 24 hours**, after Lisk Chain officially shut down on October 31 and the DAO began burning **100 million LSK**—cutting total supply from **400M to 300M**. The market stopped asking "how many users are left?" and started asking "how much supply is left?" Shorts became the fuel: over **$40M in liquidations hit in a single day, with funding crashing to -1.4% and open interest jumping 40%+.
The Catch: Volume is thin (roughly $4.2M in 24h**), the Onchain Foundation paused its buyback due to the Binance incident (expected to resume next week), and funding has already flipped positive with heavy trapped longs above **$0.29.
Key Levels: $0.3187** is the breakout trigger. Support sits at **$0.2677, then $0.248.
Binance Trade Setup: Long on a pullback to $0.267–$0.275 that holds, TP1 $0.3187**, **TP2 $0.35, stop below $0.248. Do not chase green candles—this is a supply-shock squeeze, not a demand reversal. DYOR — thin books cut both ways.
LSK is trading near $0.297**, up **41.5% in 24 hours**, after Lisk Chain officially shut down on October 31 and the DAO began burning **100 million LSK**—cutting total supply from **400M to 300M**. The market stopped asking "how many users are left?" and started asking "how much supply is left?" Shorts became the fuel: over **$40M in liquidations hit in a single day, with funding crashing to -1.4% and open interest jumping 40%+.
The Catch: Volume is thin (roughly $4.2M in 24h**), the Onchain Foundation paused its buyback due to the Binance incident (expected to resume next week), and funding has already flipped positive with heavy trapped longs above **$0.29.
Key Levels: $0.3187** is the breakout trigger. Support sits at **$0.2677, then $0.248.
Binance Trade Setup: Long on a pullback to $0.267–$0.275 that holds, TP1 $0.3187**, **TP2 $0.35, stop below $0.248. Do not chase green candles—this is a supply-shock squeeze, not a demand reversal. DYOR — thin books cut both ways.