In a matter of five minutes, Band Protocol (BAND) gained approximately 45% against the U.S. dollar as buying volume surged. The asset jumped from the $5.40 high it was trading at towards a local high of about $7.91 within the span of one four-hour candle.
According to data from TradingView.com, a majority of the gains of the surge were incurred within a five-minute period. The reason for this surge is simple: Coinbase Pro. More accurately, as the asset surged higher, the leading cryptocurrency exchange announced via tweets that it had listed Band Protocol.
“Mon, Aug 10, our BAND-USD, BAND-BTC, BAND-EUR & BAND-GBP order books will enter transfer-only mode, accepting inbound transfers of BAND in supported regions. Orders cannot be placed or filled. Trading will begin on/after 9AM PT the following day, if liquidity conditions are met,” Coinbase Pro.