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Post

SulaimanZerohunter

2026-09-12 18:07:28

$LSK just pumped over 100% in a day, now sitting near $0.263.

Here's the twist: the chain is actually shutting down on October 31.
They're burning 25% of the supply and turning LSK into a "loyalty token" for enterprise use.

Feels like people are trading the burn, not the future. Once that fades, thin liquidity could make this move reverse fast.
Are you buying this pump or staying away?
Save for later.

‍#LSK #Lisk #CryptoBurn

This page contains third-party content and does not constitute any advice, nor does it represent Gate's endorsement of such views. For details, please see disclaimer.

LSK-5.32%

1
9
12.48k

Add a comment

Add a comment

Comment 7

SpreadHunter2026-09-14

Historical lesson: Those who speculate on token-burn expectations always end up leaving people buried.

OnchainRover2026-09-13

This project’s transition has been rather messy; rewriting the tokenomics is easy, but rebuilding trust is hard.

StableBondCollector2026-09-12

It’s already doubled and they’re still charging in—the FOMO is off the charts. I’ll just watch the show.

AntiFragileTrader2026-09-12

This move is pretty baffling—the chain is about to shut down, yet it’s still being pumped. Can burning coins really burn a future into existence?

LiquidationDiary2026-09-12

A 25% burn is indeed enticing, but who will provide a backstop once liquidity dries up?

CultureCollector2026-09-12

“Enterprise loyalty token” sounds like a consolation prize—be cautious about becoming a bagholder.

L2Nomad2026-09-12

A short-term play is fine, but holding long term is tantamount to gambling with your life.

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