$LSK has seen extreme volatility, with a sharp price move driven largely by short liquidations rather than fresh demand.

A major development is that Lisk Chain is scheduled to shut down on October 31, 2026. $LSK held on the Lisk Chain needs to be bridged to Ethereum before the shutdown.

There is also a proposal to burn 100 million $LSK
, potentially reducing the maximum supply from 400 million to 300 million.