Lorenzo Protocol Mints 52.5 Billion Tokens in One Hour; BANK Drops 19%
Uk Jin
Summary
- Lorenzo Protocol (BANK) minted an additional 52.5 billion tokens over about one hour, fueling concerns over a surge in supply.
- On-chain analyst ElonKely wrote on X that a large volume of Lorenzo Protocol tokens was newly issued over the course of an hour.
- Lorenzo Protocol was trading at $0.02667, down 19%% from a day earlier, according to CoinMarketCap.
Forecast Trend Report by Period
Lorenzo Protocol's BANK token minted an additional 52.5 billion tokens in about an hour, fueling concerns over a surge in supply.
On June 5, crypto on-chain analyst ElonKely wrote on X that roughly 52.5 billion Lorenzo Protocol tokens were newly issued over the span of about an hour.
As of 5:24 p.m. on June 5, BANK was trading at $0.02667, down 19% from a day earlier, according to CoinMarketCap.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
