News linked to both this project and an event.
According to on-chain analyst Ai Yi, 6 hours ago, a multisig address transferred 9.2 million LSK, worth $6.52 million, to another address; subsequently, 2 million LSK was deposited to GSR's Binance deposit address. A similar operation occurred 9 months ago. LSK briefly rose to $2.37 last weekend, a gain of nearly 10x, and is now trading at $0.5084, with its market cap down 78.5% from its peak.
Odaily Report: Leon Waidmann, Business Development Lead at Lisk, posted on X that the supply reserves of ETH and BTC on exchanges are undergoing a dramatic divergence. BTC's exchange supply ratio stands at 16.5%, while ETH has dropped below 12.7%, a gap of nearly 4 percentage points.BTC's supply on exchanges has remained relatively stable, while ETH continues to flow out of exchanges. ETH's liquid supply on exchanges is undergoing a structural tightening.
Odaily News: According to on-chain analyst Ai Yi's monitoring, an address associated with the LSK project team deposited 3.29 million tokens worth $3.79 million to #Binance 5 hours ago. This deposit came after LSK's first rapid decline ($2 > $1), and shortly after the deposit, a second wave of sharp sell-off occurred ($1.22 > $0.7), now rebounding to $1.17.