Core Insights - Binance has announced the listing of Lorenzo Protocol (BANK) and Meteora (MET) on November 13, 2023, at 2:00 PM UTC, with trading available in USDT, USDC, and TRY pairs [1] - The listing is expected to enhance visibility and liquidity for BANK, while MET has shown a decline in price despite increased trading volume [3][5] Group 1: Listing Details - Both BANK and MET will be available for spot trading, with deposits opening one hour prior to trading and withdrawals starting on November 14, 2023, to prevent price manipulation [1] - Prior to the official listing, users had access to these tokens through Binance Alpha Market, which will remove them once they are live on the spot exchange [2] Group 2: Price Movements - Following the listing announcement, BANK experienced a price surge of over 90%, rising from $0.07 to $0.13, and is currently stabilizing around $0.090 [3] - In contrast, MET's price declined by approximately 7% after the announcement, trading near $0.49, although it saw a 33% increase in its 24-hour trading volume [5] Group 3: Project Insights - Lorenzo Protocol is an institutional-grade, on-chain asset management platform on the BNB Smart Chain, offering yield-generating strategies and liquid staking mechanisms [4] - The current market capitalization of BANK stands at $45.43 million, indicating its potential for growth following the Binance listing [4]

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]

Airdrop Event - Binance Alpha is conducting a second wave airdrop of Lorenzo Protocol (BANK) tokens [1] - Users with at least 240 Binance Alpha Points can claim 354 BANK tokens on a first-come, first-served basis [1][3] - Claiming the airdrop consumes 15 Binance Alpha Points [2] - Users must confirm their claim within 24 hours [2] - The score threshold will decrease by 5 points every 5 minutes if the reward pool is not fully distributed [1] Trading Competition - A trading competition with a reward pool of 5.893 million BANK is launched [2] - Only cumulative purchases count during the campaign; selling is excluded [2]