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Binance to List 2 New Altcoins โ€” One Soars 60% Before Trading Even Begins
Yahoo Financeยท 2025-11-13 10:59
Core Insights - Binance is set to list two new tokens, Lorenzo Protocol (BANK) and Meteora (MET), which has already generated significant market interest and price movements [2][3] - BANK has surged over 60% in anticipation of the listing, while MET has increased nearly 10% [2] - The price movements reflect strong speculative interest and expectations of increased liquidity once trading opens [3] Price Performance - The price surge of BANK is attributed to early accumulation by traders anticipating a liquidity-driven breakout [6] - In contrast, MET's price performance has been affected by recent developments, including a 15% correction following a previous surge due to its listing on Coinbase [4][5] Market Context - The listing of BANK and MET is part of a broader trend where announcements from major exchanges like Binance lead to significant price movements in altcoins [1][3] - The recent surge in Clearpool (CPOOL) following an Upbit listing further illustrates this trend [3] User Information - Both BANK and MET will carry a Seed Tag, indicating they are newly introduced and highly volatile projects [8] - Binance requires users to complete a Seed Tag quiz every 90 days to access trading, ensuring awareness of the risks associated with new listings [8] Trading Details - Spot trading for BANK and MET will open at 14:00 UTC, with users able to deposit tokens beforehand [9] - Withdrawals for these tokens will be available starting November 14 at 14:00 UTC [9]