The upcoming listing of Lorenzo Protocol (BANK) and Meteora (MET) on Binance has ignited significant market activity, with BANK surging over 60% in anticipation. However, the two tokens are entering the spotlight under very different circumstances, with MET facing serious controversies.
Pre-Listing Price Surge and Market Context
Ahead of the official spot trading opening on Binance, BANK skyrocketed over 60%, significantly outperforming MET, which saw a more modest increase. This kind of pre-listing surge is a typical market reaction, reflecting strong speculative interest and anticipation of increased liquidity and visibility once trading begins on the world’s largest exchange. The broader market context is favorable, as centralized exchange spot trading volumes jumped 36% month-on-month in October 2025, indicating a resurgence of investor confidence and activity.
The Shadow Over Meteora (MET)
While Lorenzo Protocol’s surge appears driven by typical listing excitement, Meteora’s situation is clouded by recent controversies that likely tempered its price rise.
The project is under a dark cloud due to its recent $MET token airdrop. Blockchain analytics firm Arkham Intelligence identified that three wallets linked to the TRUMP meme coin team collectively received a $4.2 million airdrop from Meteora. These tokens were immediately deposited to the OKX exchange, a move widely interpreted as preparation for a quick sell-off, leading to accusations of an “insider” allocation that disadvantages regular investors.
This airdrop controversy is compounded by significant legal troubles. The airdrop occurred just hours after a federal class-action lawsuit was filed against Meteora’s co-founder, Benjamin Chow. The lawsuit alleges he orchestrated pump-and-dump schemes using celebrity endorsements, including from Melania Trump and Argentine President Javier Milei, defrauding retail investors of at least $57 million through tokens like $MELANIA and $LIBRA. These factors have created substantial Fear, Uncertainty, and Doubt (FUD) around the MET token.
Key Details for the Binance Listing
For traders, it’s crucial to note that Binance has labeled both BANK and MET with a “Seed Tag”. This tag is applied to newer, innovative projects that are considered higher-risk and potentially more volatile. As a safeguard, Binance requires users to complete a quiz every 90 days to be eligible to trade Seed Tag tokens, ensuring they understand the associated risks. The exchange has also warned that it will revoke benefits like Alpha Points for any tokens suspected of price manipulation.
In essence, the contrasting pre-listing performance of BANK and MET tells a story of pure speculation versus speculation weighed down by serious allegations. For traders, this highlights the importance of looking beyond the listing announcement to understand the underlying fundamentals and reputational standing of a project.
