Bithumb opened Korean won trading for Lorenzo Protocol's BANK at 3:00 PM KST on July 27, 2026, the day the token set its all-time high of $0.5509. BANK fell 57.82 percent in one day on July 31 and trades near $0.028 on October 7, about 95 percent below that peak.
Correction, October 7 Earlier versions gave the high as $0.5294, from CoinGecko. CoinGecko's record now shows $0.5509 on July 27, and the figures below use it.
Where it stands
BANK is still listed. Binance trades BANK/USDT and BANK/TRY, and Bithumb's market list carries KRW-BANK. CoinGecko shows no Upbit or Coinbase market. CoinMarketCap puts the price at $0.0281 on October 7, a market cap of $21.8 million and 24-hour volume of $10.3 million. The all-time low of $0.0224 came on June 5, 2026, so the token sits just above it.
The round trip was fast. Coin Gabbar's market recap showed BANK down 57.82 percent in 24 hours to $0.07376 on July 31, on $390.94 million of volume. That left Bithumb's listing-window buyers down roughly 80 percent in four days. By August 5 Coin Gabbar had the token near $0.0478.
On August 26 CoinMarketCap showed $0.0355 with volume near $14.8 million, a fraction of the listing-week figures. Neither Lorenzo nor Aster has explained the foundation wallet transfer that started the rally, and no explanation for the collapse has surfaced. Our July 31 news piece covers the unwind.
The rally the listing landed on
Unlike Euler, which Korean exchanges listed after a 93 percent drawdown (see the Euler entry), BANK arrived mid-breakout. Tapbit, citing CoinGecko, had it near $0.246 on July 20, up more than 100 percent in a day and close to 500 percent on the week. That implies a price near four cents in mid July. On July 28 CoinMarketCap showed $0.3854, a market cap near $295 million at rank 216 and about $302 million in daily volume, more than the market cap itself.
BANK itself launched on April 18, 2025 with 425.25 million tokens at genesis, from a total supply of 2.1 billion, and CoinMarketCap counts 73,480 holders. What the market bought was the BTCfi narrative with an asset-management wrapper. Lorenzo tokenizes yield-bearing products through a Financial Abstraction Layer and issues On-Chain Traded Funds, fund-like tokens whose strategies run on-chain, with bitcoin-based yield among the flagship offerings. CoinMarketCap also describes it as the asset management partner for World Liberty Financial, through a product called USD1+.
What Bithumb added, and what it could not
BANK did not need Bithumb for liquidity. Binance has carried the deepest market since opening spot trading on November 13, 2025, and on July 28 the BANK/USDT pair there still did roughly a third of all volume. A KRW pair adds a different buyer: domestic Korean retail flow, the cohort whose arrival has repriced tokens from Derive to Euler. In this case the entry point was the top of a breakout, not a forgotten token at the bottom of a drawdown.
The listings guide sets out the usual rule: listings amplify what is already happening and rarely reverse it. The test this page set in July was whether the won pair would keep printing real volume once the BTCfi rotation cooled. Total daily volume fell from about $302 million on July 28 to about $10.3 million on October 7.
What to watch:
- A Lorenzo or Aster statement on the wallet transfer.
- Binance or Bithumb notices that change the BANK pairs.
- Unlock dates for the 1.32 billion BANK not yet circulating.
This page describes mechanisms and risks. It is not advice to buy or sell.
Not financial advice Listings often spike and then fade once the first wave of buyers is done. Nothing here is a suggestion to buy this token. Check dates on the exchange's own announcement page before trading: schedules slip. Our listing reaction data shows how new listings have typically traded.
