🚨 $LSK JUST DID A 300%+ RUN — BUT WHY?
$LSK exploded from around $0.50–$0.60 all the way toward $2, and this wasn’t just a normal altcoin pump.
The biggest catalyst appears to be expectations around Lisk shutting down its native blockchain and a proposed 100M $LSK token burn, which would remove roughly 25% of the supply. At the same time, the new enterprise treasury/payments direction has created fresh speculative interest.
And then came the fuel: massive derivatives activity and short liquidations. When shorts start getting squeezed during a low-liquidity move, price can move violently — exactly what we saw with $LSK.
The big question now: was this the start of a new Lisk narrative, or simply a massive short squeeze that needs to cool off?
#LSK #Lisk
$LSK exploded from around $0.50–$0.60 all the way toward $2, and this wasn’t just a normal altcoin pump.
The biggest catalyst appears to be expectations around Lisk shutting down its native blockchain and a proposed 100M $LSK token burn, which would remove roughly 25% of the supply. At the same time, the new enterprise treasury/payments direction has created fresh speculative interest.
And then came the fuel: massive derivatives activity and short liquidations. When shorts start getting squeezed during a low-liquidity move, price can move violently — exactly what we saw with $LSK.
The big question now: was this the start of a new Lisk narrative, or simply a massive short squeeze that needs to cool off?
#LSK #Lisk
