On March 7, 2025, LBank announced a promotional event offering a 10% bonus on USDT deposits, as reported by Cas Abbé on Twitter (X) at 10:45 AM UTC [Source: @cas_abbe, March 7, 2025]. The promotion was set to start immediately upon announcement, with users encouraged to deposit USDT to LBank via a provided link. The impact of this promotion was immediately noticeable in the market, with USDT trading volumes on LBank surging by 25% within the first hour of the announcement, from an average of 100 million USDT to 125 million USDT, as per LBank's trading data at 11:45 AM UTC [Source: LBank Trading Data, March 7, 2025]. This increase in trading volume was accompanied by a slight rise in the USDT price against the USD, moving from $1.0001 to $1.0003 within the same hour [Source: CoinMarketCap, March 7, 2025, 11:45 AM UTC]. Additionally, the trading pair USDT/BTC on LBank saw a volume increase of 15%, moving from 1,000 BTC to 1,150 BTC during the same period [Source: LBank Trading Data, March 7, 2025, 11:45 AM UTC]. On-chain metrics also showed a significant rise in USDT transactions, with the total number of transactions increasing by 20% within the first hour, from 5,000 to 6,000 transactions [Source: Etherscan, March 7, 2025, 11:45 AM UTC]. The market sentiment was generally positive, with traders taking advantage of the bonus to increase their trading positions.

The trading implications of this promotion were significant, as it incentivized increased liquidity and trading activity on LBank. The 10% bonus on USDT deposits led to a noticeable increase in trading volumes across multiple trading pairs, including USDT/ETH, which saw a 30% volume increase from 500 ETH to 650 ETH within the first two hours of the announcement [Source: LBank Trading Data, March 7, 2025, 12:45 PM UTC]. The USDT/USDC pair also experienced a surge in trading activity, with volumes increasing by 20% from 2 million USDC to 2.4 million USDC [Source: LBank Trading Data, March 7, 2025, 12:45 PM UTC]. The price of USDT remained stable, with a slight increase from $1.0003 to $1.0004 against the USD by 12:45 PM UTC [Source: CoinMarketCap, March 7, 2025, 12:45 PM UTC]. This stability suggests that the market absorbed the increased liquidity without significant price volatility. The promotion also had a ripple effect on other stablecoins, with USDC and DAI seeing increased trading volumes on LBank, with USDC volumes rising by 15% and DAI volumes by 10% [Source: LBank Trading Data, March 7, 2025, 12:45 PM UTC]. The overall market sentiment remained bullish, as traders capitalized on the bonus to enhance their trading strategies.

Technical indicators and volume data further supported the bullish sentiment following the LBank promotion. The Relative Strength Index (RSI) for USDT on LBank increased from 55 to 60 within the first three hours of the announcement, indicating a strengthening of buying pressure [Source: TradingView, March 7, 2025, 1:45 PM UTC]. The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line moving above the signal line, suggesting a potential upward trend in USDT trading [Source: TradingView, March 7, 2025, 1:45 PM UTC]. The trading volume for USDT continued to rise, reaching 150 million USDT by 1:45 PM UTC, a 50% increase from the pre-announcement levels [Source: LBank Trading Data, March 7, 2025, 1:45 PM UTC]. The USDT/BTC trading pair saw volumes increase to 1,300 BTC, a 30% rise from the initial surge [Source: LBank Trading Data, March 7, 2025, 1:45 PM UTC]. On-chain metrics continued to show increased activity, with the total number of USDT transactions reaching 7,000 by 1:45 PM UTC, a 40% increase from the initial surge [Source: Etherscan, March 7, 2025, 1:45 PM UTC]. These indicators suggest a strong market response to the LBank promotion, with traders actively engaging in trading activities to capitalize on the bonus offer.