$LSK Just Made a 10x Move — But Why?
Lisk has exploded almost 10x in a week, with the token gaining roughly 950%+ from its recent lows.
But there is a much bigger story behind the move.
After almost 10 years, Lisk is shutting down its Lisk Chain on October 31, 2026 and moving away from the L2 model. The project is now focusing on a new finance platform for businesses, built around accounts, payments, approvals and stablecoin rails.
At the same time, Lisk is proposing major changes to $LSK :
• Burn 100M LSK, reducing total supply from 400M to 300M.
• Wind down the Lisk DAO.
• Stop funding ongoing expenses by selling LSK from the DAO treasury.
• Give $LSK a new role in the platform, including future rewards and fee payments.
• Make staking more flexible as the Chain is closed.
A 100M token burn would remove 25% of the current total supply, while ending DAO-funded LSK sales could also reduce future selling pressure.
Still, this move looks extremely speculative.
A token that has been around since 2016 suddenly moving almost 10x in days is not something I would treat as a normal fundamental rally.
Not financial advice.
#Macro Insights#
Lisk has exploded almost 10x in a week, with the token gaining roughly 950%+ from its recent lows.
But there is a much bigger story behind the move.
After almost 10 years, Lisk is shutting down its Lisk Chain on October 31, 2026 and moving away from the L2 model. The project is now focusing on a new finance platform for businesses, built around accounts, payments, approvals and stablecoin rails.
At the same time, Lisk is proposing major changes to $LSK :
• Burn 100M LSK, reducing total supply from 400M to 300M.
• Wind down the Lisk DAO.
• Stop funding ongoing expenses by selling LSK from the DAO treasury.
• Give $LSK a new role in the platform, including future rewards and fee payments.
• Make staking more flexible as the Chain is closed.
A 100M token burn would remove 25% of the current total supply, while ending DAO-funded LSK sales could also reduce future selling pressure.
Still, this move looks extremely speculative.
A token that has been around since 2016 suddenly moving almost 10x in days is not something I would treat as a normal fundamental rally.
Not financial advice.
#Macro Insights#
