An old coin from 2016 came back to life today. In January 2018, it was worth 34.9 yuan, then it gradually dropped to just 7 cents. Binance put it on the watchlist. Last month, they announced plans to shut down the chain and burn a quarter of the supply. Today, LSK surged to 2 yuan, then crashed back to 0.87 yuan. $35 million worth of short positions got liquidated in one day—pure short squeezes. Not a single penny of real money entered the market. The token burn vote hasn’t passed yet, and the chain shutdown is scheduled for October 31. I’m betting this wave will reverse within a week. Anyone who bought above 1 yuan is today’s fuel.