🚨 Lorenzo Protocol and its token BANK at a decisive crossroads: Strategic alliances against the tide of dilution. 🔄
Lorenzo Protocol seeks to strengthen its ecosystem with key alliances, such as those established with BUILDON GALAXY and TaggerAI, to drive institutional adoption of its staking infrastructure on Bitcoin. However, the price of its token BANK has fallen by 67% since its listing on Binance and by 36.65% in the last 30 days, despite an initial rebound. This decline occurs in a "Extreme Fear" market (Fear and Greed Index at 25) and with the ghost of future unlocks: 42 million BANK tokens already distributed in airdrops (equivalent to 1.85 million dollars) and an additional 8% (43 million BANK) still to be released, threatening greater selling pressure.
🔍 What does it imply?
The Market: The "Fear" sentiment dominating crypto, with a Bitcoin dominance of 58.55%, strongly limits the upside potential of altcoins like BANK, whose +0.82 correlation with BTC prevents independent movements.
Lorenzo Protocol: The strategy of expanding its utility through alliances is key, but the measurable impact on Total Value Locked (TVL) and institutional adoption is not yet visible. Managing token unlocks is critical to avoid a greater dilution of 97.9% of the supply already in circulation.
The recovery of BANK will depend on Lorenzo Protocol demonstrating tangible growth in TVL and adoption, overcoming the adverse market sentiment and wisely managing future airdrops. 🧭
