In a significant development for the cryptocurrency market, Binance has announced the listing of two new altcoins, Lorenzo Protocol (BANK) and Meteora (MET), for spot trading. This news has instigated a buying frenzy as investors scramble to take advantage of the heightened liquidity expected from the listings.
Following the announcement, both tokens have witnessed impressive price increases. BANK has surged over 60%, while MET has seen an 8% rise shortly after the announcement. This surge indicates strong interest from traders, who are anticipating short-term gains supported by forthcoming promotional activities.
Details of the Binance Listing
According to Binance, trading for BANK and MET will commence at 14:00 UTC on November 13, 2025. The trading pairs available will include BANK/USDT, BANK/USDC, BANK/TRY, MET/USDT, MET/USDC, and MET/TRY. Notably, Binance will apply a “Seed Tag” to both tokens, warning users of the potential for high volatility and elevated risk.
Deposits for the tokens are currently open, while withdrawals will be enabled starting November 14 at 14:00 UTC. To trade these assets, users are required to complete a Seed Tag quiz every 90 days to confirm their understanding of the associated risks, a strategy Binance employs to keep traders informed about the volatility linked to new projects.
Market Reactions and Future Implications
Prior to their listing, both BANK and MET were featured in Binance”s Alpha Market, a program that showcases tokens before they are listed for spot trading. With the current listing, both assets will be removed from the Alpha Market, and user balances will be automatically transferred to their Spot Accounts within 24 hours.
Market participants are closely monitoring the performance of these coins as trading begins on the world”s largest cryptocurrency exchange. The surge in interest for BANK reflects a strategic move, as 63 million tokens have been earmarked for marketing initiatives aimed at boosting the project”s visibility.
Despite the positive momentum for MET, the token faces challenges amidst skepticism due to recent controversies. Allegations have surfaced linking the project to former President Donald Trump, with claims that a wallet associated with him received MET tokens valued at $4.2 million, which were subsequently transferred to OKX. Additionally, Meteora“s founder, Benjamin Chow, is embroiled in a class-action lawsuit related to his past involvement in meme projects, which has further dampened investor sentiment.
As the listing date approaches, both BANK and MET represent noteworthy developments in the ever-evolving landscape of cryptocurrency trading, promising to draw significant attention from market participants.
