Binance lists Lorenzo Protocol and Meteora on spot market… BANK intraday 100% surge
Summary
- Global exchange Binance said it will list Lorenzo Protocol (BANK) and Meteora (MET) on the spot market.
- Both assets will have a seed tag, indicating high volatility and early-stage investment risks.
- In particular, BANK briefly surged 100% intraday after the listing news and is currently up about 20% compared to the previous day.
Global virtual asset (cryptocurrency) exchange Binance will list Lorenzo Protocol (Lorenzo Protocol, BANK) and Meteora (Meteora, MET) on the spot market.
On the 13th (local time), according to Binance, the two assets will be listed at 14:00 (UTC·Korea time 23:00) as BANK/USDT, BANK/USDC, BANK/TRY, MET/USDT, MET/USDC, MET/TRY spot trading pairs. Users can deposit BANK and MET from one hour before listing, and withdrawals will be supported from 14:00 on the 14th (UTC·Korea time 23:00).
Binance applies seed tags (Seed Tag) to the two assets. Seed tags are labels given to highly volatile or early-stage projects. BANK and MET were previously tradable on Binance Alpha, but they will no longer be exposed on the Alpha market upon spot market listing.
Lorenzo Protocol is an institutional-grade asset management platform project. Meteora is building a DeFi-based dynamic liquidity layer that supports liquidity providers and token issuance.
Meanwhile, BANK showed a short-term surge immediately after the Binance listing news. According to crypto media Odaily, BANK recorded an intraday peak increase of 100%, and is currently trading at $0.09287, about 20% higher than the previous day.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
![[Analysis] "Bitcoin could fall once more before the next bull run… may drop to as low as $43,000"](https://media.bloomingbit.io/PROD/news/8c7118c8-560c-45ee-b17c-33941c08bb67.webp?w=250)
![[Analysis] "Bitcoin shows signs of recovering sentiment among U.S. investors… but a strong bullish reversal is still not in place"](https://media.bloomingbit.io/PROD/news/fa06d293-8d64-4e15-8420-70b42038247c.webp?w=250)