#BANK $BANK 😭😭😭
🚨 Update on BANK/USDT Volatility😭😭
1 .What Happened: The chart you're seeing shows a massive, sudden "pump and dump" on the BANKUSDT token. The price shot up to a high of 0.15679 before instantly crashing back down.
2 .Why It Happened: This was caused by breaking news. Binance announced it is listing the Lorenzo Protocol (BANK) token for spot trading today. This news triggered a massive speculative frenzy.
3 .Where We Are Now: After the pump, the price collapsed. As shown in the image, the token is down over 30% from its opening, indicating that early speculators have "dumped" their tokens.
4 .Key Warning: This is an extremely high-risk situation. Binance itself has warned that BANK is a new, high-risk token and traders should expect severe volatility. The chart you've captured is a classic example of this.
In short: A news-driven pump, followed by an immediate crash. Be extremely cautious.