Burn

FLOKI

Lisk

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/lsk-price-surges-after-burn-announcement/" data-wpel-link="internal">LSK Price Surges After Burn Announcement</a><br></p>
<p style="text-align: justify">The importance of the burn mechanism in cryptocurrencies is well-known. Although many projects have been mentioned in the past, recently, projects like <strong>SHIB</strong> and <strong>LUNC</strong> have gained attention. While other projects also conduct burns, they are not frequently mentioned due to their smaller size. A similar process occurred with <strong>FLOKI</strong> in recent months, triggering a significant price increase. Just a few minutes ago, a major announcement hit the <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> like a bombshell.</p> 
<h2 style="text-align: justify" id="is-lisk-lsk-starting-a-burn">Is Lisk (LSK) Starting a Burn?</h2> 
<p style="text-align: justify">A recent announcement revealed that the total supply of LSK, listed on Binance and many other exchanges, could significantly decrease. This reduction could be achieved through burns. According to the announcement, a vote was presented to LSK DAO to burn 25% of LSK’s supply or transfer it to the DAO. While the outcome of the vote is unknown, the existing 400 million LSK could see a substantial reduction. Following this news, all eyes turned to the LSK price.</p> 
<h2 style="text-align: justify" id="what-is-lsk-s-current-price">What is LSK’s Current Price?</h2> 
<p style="text-align: justify"><strong>LSK</strong> price surged immediately after <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">the news</a>. It jumped from its long-consolidated price region and settled above 1 dollar. As of the time of writing, LSK is trading at 1.049 dollars, following a 9% increase.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-374109" src="https://coin-turk.com/wp-content/uploads/2024/07/lsk-site-coin-turk-com.png" alt="" width="1835" height="883"></p> 
<p style="text-align: justify">LSK’s market cap and trading volume also saw a noticeable increase during this period. The market cap rose above 151 million dollars after the news. The trading volume experienced a 120% increase due to intense investor pressure following the announcement.</p> 
<p style="text-align: justify">After this increase, the trading volume exceeded 11 million dollars, which is relatively low for the <a href="https://en.coin-turk.com/bitcoin-experiences-volatility-after-rapid-rise/" data-wpel-link="internal">cryptocurrency market</a>. It ranks 573rd in Coinmarketcap’s trading volume ranking.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/lsk-price-surges-after-burn-announcement/" data-wpel-link="internal">LSK Price Surges After Burn Announcement</a></h5>
<p>The post <a href="https://en.coin-turk.com/lsk-price-surges-after-burn-announcement/" data-wpel-link="internal">LSK Price Surges After Burn Announcement</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

LSK Price Surges After Burn Announcement

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