Lisk Token Jumps Eleven Times as Shorts Liquidate and CEO-Linked Wallet Sends Millions

Lisk’s token raced from 20 cents to 2.37 dollars within 24 hours, briefly touching 1.71 before easing back near 98 cents. Volume hit 38.37 million dollars while forced closures of short bets reached roughly 36 million.

Five hours after the spike, 3.3 million LSK worth 3.79 million dollars arrived at Binance from a wallet previously tied to CEO Max Kordek.

The move comes as Lisk prepares to shut its own chain on 31 October, migrate apps to Celo and burn 100 million tokens, cutting total supply from 400 million to 300 million.

Based on information from https://cryptonews.net