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essential notes

  • Binance lists Lorenzo Protocol (BANK) and Meteora (MET) with seed tags.
  • BANK’s value spikes by over 80% in a matter of minutes, then stabilizes.
  • MET recorded an 8% value drop after the announcement.

Binance, a serious cryptocurrency change, introduced the itemizing of Lorenzo Protocol (BANK) and Meteora (MET) on November thirteenth at 2:00 pm (UTC). The tokens can be found for spot buying and selling throughout USDT, USDC, and TRY pairs.

Deposits for each BANK and MET open 1 hour earlier than buying and selling begins. Nevertheless, to keep away from value manipulation, withdrawals are scheduled to begin on November 14th at 2:00 PM (UTC).


Previous to Binance’s official itemizing, customers had been in a position to entry these tokens by the Binance Alpha Market, a pre-listing pool designed for early publicity to new crypto property. Particularly, BANK and MET might be faraway from the Alpha platform as soon as they go reside on spot exchanges.

each tokens carry Binance’s “seed tag” means it belongs to a class of progressive however comparatively new tasks. Belongings with this tag sometimes have larger volatility and probably larger rewards, but in addition contain larger danger for merchants.

BANK will increase quickly after Binance itemizing announcement

The itemizing announcement led to vital value actions for each tokens, regardless that the general crypto market was flat.

BANK, the native token of the Lorenzo Protocol, skyrocketed in value instantly after the information was introduced. Now, the cryptocurrency has surged over 90% from $0.07 to $0.13 inside minutes. stabilize Across the $0.090 stage.

Lorenzo Protocol is an institutional-grade on-chain asset administration platform primarily constructed on the BNB Sensible Chain. This may give cryptocurrency customers entry to yield-generating methods, real-world asset consolidation, and liquid staking mechanisms.

Market analysts have prompt {that a} Binance itemizing might carry vital visibility and elevated liquidity to BANK. In accordance with CoinMarketCap, the market cap of the penny crypto token is at present $45.43 million.

MET value battle

In the meantime, Meteora, DeFi’s dynamic liquidity layer on Solana, fell after the itemizing announcement. It’s attention-grabbing that MET is Binance’s first Solana-based itemizing in about six months.

met value I slipped It’s up about 7% over the previous day and is at present buying and selling round $0.49. Nonetheless, the cryptocurrency has attracted the eye of traders, with 24-hour buying and selling quantity hovering 33%.

Subsequent

Disclaimer: Coinspeaker is dedicated to offering honest and clear reporting. This text is meant to offer correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Market circumstances can change quickly, so we advocate that you just confirm the knowledge your self and seek the advice of an expert earlier than making any choices primarily based on this content material.

Cryptocurrency Information, Information


A crypto journalist with over 5 years of expertise within the business, Perth has gathered expertise and experience within the subject after working with main media shops within the crypto and monetary world and dwelling by bear and bull markets over time. Palt can be the writer of 4 self-published books.

Perth Dubey on LinkedIn


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