๐จ $LSK JUST WENT CRAZYโฆ BUT THEREโS A CATCH ๐๐ฅ
Liskโs DAO approved a 100M LSK burn, roughly 25% of supply, sending LSK from $0.24 โ $1.17 โ a massive 297% rally. ๐
Volume reportedly peaked near $64M, while around $34M in shorts were liquidated globally. ๐ฅ
But hereโs the part Iโd watch closely: the burned tokens are locked until 2027โ2033, so thereโs no immediate circulating-supply reduction.
And after the pump, Liskโs CEO reportedly moved 3.3M LSK to an exchange. โ ๏ธ
Big burn narrative, yes. But supply mechanics and potential sell pressure matter too.
$้พ่พ
$POWER
Liskโs DAO approved a 100M LSK burn, roughly 25% of supply, sending LSK from $0.24 โ $1.17 โ a massive 297% rally. ๐
Volume reportedly peaked near $64M, while around $34M in shorts were liquidated globally. ๐ฅ
But hereโs the part Iโd watch closely: the burned tokens are locked until 2027โ2033, so thereโs no immediate circulating-supply reduction.
And after the pump, Liskโs CEO reportedly moved 3.3M LSK to an exchange. โ ๏ธ
Big burn narrative, yes. But supply mechanics and potential sell pressure matter too.
$้พ่พ
$POWER
๐ More Pump
๐ Big Dump
๐ฆ Sideways
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