$BANK update: -59% confirms the verdict; the LP bomb has not gone off

$BANK (Lorenzo Governance Token) on BSC has fallen even further into the red, losing 59% over the past 24 hours. Three months ago, we published an analysis with a 4/10 rating, pointing out a critical unlocked LP and concentration among the top 10 holders. Today, the market has harshly confirmed our analysis.

What has changed in three months

The pool has grown from a token amount to $80.8K in liquidity, with daily volume reaching $6.2M (77.6x the liquidity). On paper, it looks active-but that’s a mirage. The key issue remains the same:

• The LP is not locked (0%)-the creators can withdraw the entire pool at any moment
• The top 10 hold 84% of the supply-a single large wallet (36.9%) could crash the price on its own
• FDV is inflated by 1,107x relative to liquidity-any sell-off by the top 10 into the pool will lead to a peak
• Social signal is weak: HTX (0 followers in our database) mentioned $BANK at a +447% ATH, but that was a signal marking the start of the decline, not the rise

Distribution: Why the price is plummeting

The holder structure remains toxic. The top 1 holds 36.9%, and the top 10 combined hold 83.9%. Among them is 1 wallet with a history of rug pulls (whales_seen_in_rugs=1) and 1 wallet with experience in pump tokens (smart_money with pump_history). This means: whales know how to withdraw liquidity without causing a panic, and they’ve started doing so.

The mint has been revoked (plus), the deployer does not hold the supply (plus), but the contract owner is still in place and can modify the code. With an unlocked LP and such concentration, this gives the creators full control over the market.

The verdict turned out to be correct, but the story doesn’t end there

Over the past three months, the token has weathered its first wave of hype and is now entering a “quiet sell-off phase.” Volume remains high ($6.2M per day), indicating ongoing trading, but the price is falling-a classic pattern where top holders exit gradually to avoid triggering mass panic.

In our database, 99% of tokens with a similar structure (unlocked LP + top 10 > 80%) have fallen by 50%+ in a month. A 59% drop in a single day is no longer a correction-it’s the beginning of an exodus.

What’s Next

The local floor may be breached, but without locking the LP, there is no hope for a recovery. If the creators lock the LP now, there is a slim chance of restoring confidence. If not, the token will fall to $0.01-0.02 according to the classic scenario.