Binance announces new cryptocurrency to list: BANANA to open up to 5 trading pairs
The Binance exchange has selected Banana Gun (BANANA) as its new token to be listed under the “Airdrops Portal.” Users who invest their BNB in "Simple Earn" products will be able to earn the BANANA airdrop. The token will open to public listing on the Binance exchange tomorrow at 12 CEST.
Binance has officially announced Banana Gun (BANANA) as its first project within the scope of the 'Binance Airdrops Portal'.
Users who lock their BNB tokens on 'Win' products from June 23 to July 5 will be able to win the BANANA airdrop.
Airdrops will be distributed to users' spot wallets about 1 hour before the public listing. Binance will then open the BANANA token public listing on July 20. In the token, the trading pairs will be 'BANANA/BTC, BANANA/USDT, BANANA/BNB, BANANA/FDUSD and BANANA/TRY'.
Warning: A token that is already in circulation...
Binance will airdrop 800,000 BANANA tokens. However, BANANA is already known as a token listed on many exchanges that has been in circulation for a long time. The Binance exchange also warned in a statement that tokens from the airdrop will quickly increase the number of tokens in circulation and price fluctuations may therefore increase. While the token has a maximum supply of 10 million units, the current total supply is 8.9 million...
The number of number of units in circulation is 2,420,000 units and after the airdrop, this figure will increase to 3,220,000 units.
Loaded purchase from a whale
Following the announcement of the Binance exchange, a whale spent approximately $1.5 million and received 21,183 BANANAs. The average price of the whale was $71.1. In the minutes when the news is written, BANANA is traded around 71.7 dollars.
