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BANK’s current price is hovering around 0.04u, but in the past two days, data across different platforms has varied greatly, indicating that recent volatility has been extremely intense
Let’s first talk about the most valuable thing behind this coin. Lorenzo is the official asset management partner for Trump’s family’s WLFI, specializing in USD1-related wealth management products. It brings the institutional wealth-management playbook on-chain, and this relationship is its biggest backing
Issued at 0.0048u, it historically surged to as high as 0.23u—nearly a fifty-fold increase—driven by this story. Now it has already fallen more than 80% from the peak
The market looks abnormal over these two days. Some data show a daily surge of 36%, while others show a crash of 35%. This kind of split signals that market sentiment is extremely unstable, and short-term capital is moving in and out aggressively
More importantly, tomorrow—July 17—an allocation batch will be unlocked, accounting for nearly 2% of the total. With the current total supply at 2.1 billion tokens, only a bit more than 20% has been released so far, and the biggest chunk is still waiting in line
The community previously voted on whether to bring the unlock schedule forward. If it’s approved, it would release an additional more than 20% of circulating supply all at once. If this happens, it would be a significant pressure on the price
No matter how good the story is, the unlocked tokens all have to be sold. With sentiment swinging this wildly at this level, for the short term I suggest staying on the sidelines and waiting until the data stabilizes a bit before deciding on a direction#bank $BANK