Binance has made an exciting announcement: Banana Gun (BANANA) will be listed under the "Airdrops Portal," opening up to 5 trading pairs. Here's everything you need to know:
### Key Details:
- **Token:** Banana Gun (BANANA)
- **Airdrop Eligibility:** Users who invested BNB in "Simple Earn" products from June 23 to July 5 will receive BANANA tokens.
- **Public Listing:** The BANANA token will be publicly listed on Binance on July 20 at 12 CEST.
- **Trading Pairs:** BANANA/BTC, BANANA/USDT, BANANA/BNB, BANANA/FDUSD, and BANANA/TRY.
### Airdrop and Circulation:
- **Total Airdrop:** 800,000 BANANA tokens.
- **Maximum Supply:** 10 million units.
- **Current Supply:** 8.9 million units.
- **Circulating Supply:** Before airdrop - 2,420,000 units; After airdrop - 3,220,000 units.
### Market Dynamics:
- **Whale Activity:** A whale purchased 21,183 BANANAs for approximately $1.5 million, with an average price of $71.1 per token. Currently, BANANA trades at around $71.7.
### Important Considerations:
- **Price Fluctuations:** Given that BANANA is already in circulation and listed on multiple exchanges, the airdrop will significantly increase the circulating supply, potentially leading to price volatility.
### Conclusion:
Banana Gun's listing on Binance is a notable event, with significant market implications due to increased supply and active whale participation. Stay alert for potential price movements as the token goes live.