Onchain Analysis $BANK

The Lorenzo Protocol ($BANK) shows intriguing on-chain dynamics over the past week. Currently priced at $0.0431, the protocol has a market capitalization of roughly $18.3 billion with a 24-hour trading volume of $9.4 million. The top entity holdings reveal that centralized exchanges dominate the token distribution. Binance alone holds over 293 million $BANK tokens across hot and cold wallets, representing a substantial share of the circulating supply, while Bit.g.et and ME.X.C also maintain notable positions, highlighting strong CEX-based liquidity.

Examining entity balance changes, Bi.tg.e.t saw the largest increase in holdings at +56.95%, suggesting accumulation, while Ga.t.e and Me.x.C experienced significant outflows of -73.26% and -45.4%, respectively, hinting at potential redistribution or profit-taking. On-chain transfers show active movement, with multiple transactions from PancakeSwap pools in the past minute, reflecting ongoing DEX activity and retail participation alongside CEX flows.

Price history over the last six months indicates volatility with notable peaks around October, followed by a retracement, aligning with the negative 7-day performance of -19.54%. The token’s on-chain liquidity remains concentrated among a few large holders, with Binance’s hot wallet controlling over 50% of supply, raising considerations for potential price impact from large movements.

Overall, @Lorenzo Protocol displays a hybrid liquidity structure with centralized exchange dominance, active DEX trading, and concentrated holdings. On-chain trends suggest cautious accumulation by select exchanges, ongoing retail trading, and price sensitivity due to concentrated supply, making monitoring wallet movements critical for $BANK investors.

#LorenzoProtocol