Banana Gun (BANANA) has witnessed a surge in its price lately. BANANA has surged 21.13% in the last day and a 59.78% rise over the past week. This price hike is largely attributed to announcements from Binance and the commencement of the developments within the ecosystem.
At press time the token’s value is $69.75 as per CoinGecko data.
Binance’s Major Announcement
Binance recently announced that Banana Gun will be the first project on their new Airdrop Portal. According to Binance’s official tweet, users who staked their BNB in Simple Earn products between June 23 and July 5, 2024, will receive BANANA tokens.
These tokens will be distributed as part of the HODLer Airdrops, which will be available soon. Binance tweet noted this:
Introducing @BananaGunBot $BANANA on #Binance HODLer Airdrops!Subscribe your #BNB to Simple Earn.Read more here https://t.co/m7qVN91Som pic.twitter.com/fmquLq9n0T
— Binance (@binance) July 18, 2024
The market responded positively to this announcement. BSC News tweeted, “BANANA’s price surged past $80 before stabilizing around $73. Trading volume increased by over 1000%.”
The anticipation of the BANANA listing on July 20 at 09:00 UTC has driven interest and trading activity. YG Crypto highlighted the excitement by tweeting, “BANANA Airdrop Bonanza: Binance’s First Airdrop Portal Project Takes Off!”
Features and Functionality of Banana Gun
Banana Gun is an ecosystem token associated with the Banana Gun bot, which offers a range of trading tools for on-chain tokens. The bot provides both automatic and manual trading options via Telegram.
Its features include auto-sniping new token launches and protections against rug pulls, making it a valuable tool for traders.
Next Big Airdrop?
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Price Increase and Trading Volume
The combination of Binance’s endorsement and the utility of the Banana Gun bot has contributed to the substantial increase in BANANA’s price and trading volume.
Binance confirmed that the tokens will be in users’ Spot Wallets one hour before trading starts, adding to the anticipation and excitement among traders.
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The post Banana Gun (BANANA) Price Pumping: Here’s Why appeared first on CaptainAltcoin.