#LBK Immediate suspension of trading and withdrawal of LBK by LBank ( announced on July 21 at 04:28 UTC) causes liquidity shock:
- This suspension prevents new buyers from entering, thus increasing the selling pressure from current holders. - The buyback plan at 1.2 times the average purchase price (LBank) carries execution risk — it is unclear how the "average price" is calculated or whether it applies in the secondary market. - A 6-month period extends the uncertainty regarding the utility of LBK after the buyback is completed.
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#LBK Immediate suspension of trading and withdrawal of LBK by LBank ( announced on July 21 at 04:28 UTC) causes liquidity shock:
- This suspension prevents new buyers from entering, thus increasing the selling pressure from current holders.
- The buyback plan at 1.2 times the average purchase price (LBank) carries execution risk — it is unclear how the "average price" is calculated or whether it applies in the secondary market.
- A 6-month period extends the uncertainty regarding the utility of LBK after the buyback is completed.