- BANK token surged 905% in a single day after its Binance Futures debut with 50x leverage, drawing massive trader attention.
- Lorenzo Protocol’s BTC-based DeFi model boosts BANK’s appeal as trading volume hits 116M and technicals show bullish momentum.
- Binance’s Futures listing of BANK and its explosive growth signal rising market confidence in BTC liquidity finance solutions.
According to Wu Blockchain, Binance Futures has officially listed the BANKUSDT perpetual contract, enabling up to 50x leverage starting April 18, 2025, at 18:30 UTC. This development follows BANK’s earlier listing on the Binance Alpha Market. Traders quickly responded, triggering a dramatic 905% surge in BANK’s price within 24 hours. The token reached a peak of $0.05729 after starting the day at just $0.0048. The BANK/USDT trading volume soared to 116.048 million, confirming strong speculative interest.
Besides this, the Lorenzo Protocol — the engine behind BANK — has gained considerable attention. Lorenzo acts as a Bitcoin liquidity finance layer. It transforms idle BTC into tokenized staking assets. These include Liquid Principal Tokens (LPTs), Yield Accruing Tokens (YATs), and its BTC Liquid Staking Token (stBTC). The protocol functions through a Cosmos Ethermint-based appchain. This system connects Bitcoin Layer 1 with the Lorenzo chain, streamlining settlement and issuance of restaked BTC tokens.
Technical Indicators Signal Strong Bullish Momentum
On the 15-minute chart, BANK showcased multiple green candles. The token surged from $0.0048 to over $0.057 in one session. Bollinger Bands confirmed the breakout. The upper band hit $0.05523, while the lower band trailed at $0.02304. Moving averages also aligned perfectly. EMA6 stood at $0.04793, EMA12 at $0.04452, and EMA20 at $0.04141. This alignment indicated clear upward momentum.
Moreover, the RSI remained moderately overbought. RSI6 clocked in at 58.71, RSI12 reached 61.76, and RSI24 showed 62.87. These values supported sustained bullish pressure. The Williams %R held around 35, reflecting the asset’s positive momentum. Volume spikes occurred during each breakout phase, confirming increasing trader engagement.
BANK Gains Market Trust as DeFi Attention Grows
The BANK token currently trades at $0.04824 with a 24-hour high of $0.05729. Lorenzo Protocol’s market cap has reached $20.86 million, placing it at rank #743. Its daily volume of $41.15 million and a 135% price increase further reflect growing confidence.
Binance’s Futures listing and BANK’s explosive move hint at a strong community belief in Lorenzo’s DeFi approach.Additionally, Binance’s preference for BNB chain projects boosts hopes for BANK’s long-term placement. While early, BANK’s fundamentals and rapid adoption signal potential for broader integration and future growth.
