I think there’s an important dynamic many people may not be fully noticing regarding the current $LOBO price action.
Since Kraken announced the upcoming delisting on May 29, a significant price gap formed between Kraken and the other exchanges where LOBO is traded.
This naturally created arbitrage opportunities.
Traders and bots are buying lower-priced $LOBO on Kraken and instantly selling it across other markets for profit, creating continuous sell pressure across the broader market and pushing the price downward temporarily.
At this point, the current market conditions around LOBO are being heavily influenced by this exchange imbalance and arbitrage activity surrounding the Kraken delisting, while the Wolf Pack itself continues doing what it has always done:
staying active, posting, building, and pushing forward.
And honestly, it’s probably better for the Kraken process to fully finish already so the market can stabilize naturally again without this arbitrage cycle constantly dragging the price down.
By now it’s confirmed that $LOBO will be delisted from Kraken.
We pushed for answers.
Kraken’s position remained the same:
they reserve the right to delist assets at their sole discretion and would not provide further details regarding the reasoning behind the decision.
But let’s remember something important.
LOBO’s ATH happened before Kraken.
The Wolf Pack was built before Kraken.
And the Wolf Pack will continue building after Kraken.
Because no exchange created this community.
And no exchange will decide its future.
While others disappeared during these market conditions, we kept building.
@SolgunGG is live on Solana.
The ecosystem keeps expanding.
The Pack keeps growing across chains.
And there are still major exchanges actively supporting Rune markets.
So no, this is not the end of anything.
If anything, this is the kind of moment that shows which communities are real and which only existed because of hype.
The Wolf Pack is still here.
We keep building.
Over 2,000 matches have already been played on @SolgunGG.
Some players have already earned over 2 solana:So11111111111111111111111111111111111111112 just by outplaying other people.
If you still haven’t tried it…
you’re missing out.
Battle now:
https://t.co/qgawRo8afr
This weekend, check out Solgun.
All you need is a Phantom wallet and a few $SOL.
Matches start at just 0.01 SOL.
And yes…
if you win, you double your money.
But unlike slot machines, this isn’t just pressing buttons and waiting for an outcome.
It’s an actual video game experience where you’re constantly making decisions, adapting and trying to outplay the other person.
Give it a try and let me know what you think.
$LOBO showing up in the top 5 trending gainers on CMC is interesting because the move is happening from a very low market cap base.
At ~$2M MC, even moderate attention can create aggressive repricing if volume keeps building.