Lisk Token Burn: LSK Supply Drops to 300M Before October Shutdown

Lisk Token Burn: News Supply, Price Crash and the Road Ahead 2026 Lisk has begun burning 100 million LSK tokens, cutting total supply from 400 million down to 300 million, and this Lisk token burn news is already reshaping how the market reads the asset. Source: Official Confirmation LSK dropped over 40.5% to $0.35 the same day the burn began, and the timing is not a coincidence. The token burn is the direct result of a DAO vote that just reshaped how the entire project is funded. Lisk Token Price Crash: Market Snapshot Right Now The sell-off arrived alongside the Lisk token burn announcement, and the numbers show how sharply sentiment shifted in a single day. Trading volume over 24 hours hit $269.88 million, down 46.93%, a sign of unusually heavy activity relative to the coin's size. Anyone tracking crypto news today across mid-cap tokens will find few moves this sharp. Source: CoinMarketCap Official Key figures right now: Lisk token price: $0.350, down 40.58% in 24 hours Market cap: $150.68 million, down 55.07% Fully diluted valuation: $161.28 million Total and max supply: 400 million LSK, moving toward 300 million after the burn Circulating supply: 372.55 million LSK Holders: 3.37 thousand wallets Analysts tracking the move point to a broader rotation out of altcoins as the main driver, alongside profit-taking after a strong prior run and a technical pullback. Lisk Chain shutdown deadline on October 31 stands as the next scheduled catalyst. Why the Lisk Token Burn Started and What Changed at Lisk Recently The Lisk DAO treasury was originally built to fund and slowly decentralize the Lisk Chain ecosystem. That plan made sense as long as Lisk Chain stayed the center of the project. It stopped making sense once Lisk chain shutdown was announced with a rebuilding of the company around a money operations platform for finance teams, powered by its own stablecoin. That Lisk chain rebrand is what set the burn in motion. With the chain going away, the DAO structure built around it no longer had a clear job to do. So the team proposed moving future project funding back to the Onchain Foundation instead of the DAO treasury. The proposal passed. Once it did, most of the treasury's held tokens were no longer needed for their original purpose, which set up the burn now underway. Lisk crypto news today highlights how far the wider Lisk blockchain project has moved from its original design. That single change carries three direct effects on the token itself, all tied back to this one Lisk token burn.