$BANANA Launches First HODLer Airdrop
At the same time, $BANANA will be listed on Binance at 5 pm on July 20, and trading pairs such as BANANA/BTC, BANANA/USDT, BANANA/BNB, BANANA/FDUSD and BANANA/TRY will be open.
Binance also reminded in the announcement that BANANA has been added with a seed tag, and the HODLer airdrop rewards will quickly increase the circulation in the secondary market, which may cause the price after Binance opens to fluctuate more than the current price. Please be cautious when trading!
$BANANA Hits All-Time High
Inspired by this, the price of BANANA rose sharply. According to CoinGecko data, the price of BANANA soared 38.11% from $54.81 to $75.7 in one hour early this morning, setting a new record high.
Currently trading at $66.5, it has risen 18.6% in the past 24 hours. Its market value has exceeded $159 million, making it the 307th largest cryptocurrency by market value.
What is the Binance HODLer Airdrop?
Official
The launch of the HODLer airdrop was explained by the community’s recent criticism of VCs with high valuations (FDV) and low circulation.
Tokens are considered a means for institutions to make money. Because tokens launched with high valuations and low circulation will bring huge selling pressure when they are unlocked in the future, such a token structure is disadvantageous for ordinary investors and loyal community members of the project.
Therefore, in order to fulfill its commitment to creating a healthier market environment, Binance will support small and medium-sized projects with strong fundamentals, large circulating supply and organic community support. It launched the HODLer airdrop and stated that it will airdrop tokens with high circulating supply and will soon be listed on Binance.
Official Target
The launch of the HODLer airdrop is explained by the fact that the community has recently widely criticized the high valuation (FDV) and low circulation VC
Tokens are considered to be a way for institutions to reap profits. Since the tokens are launched with high valuations and low circulation, there will be huge selling pressure when they are unlocked in the future. Such a token structure is disadvantageous for ordinary investors and loyal community members of the project.
Therefore, in order to fulfill its commitment to creating a better market environment, Binance will support small and medium-sized projects with strong fundamentals, large circulating supply, and organic community support. It has launched the HODLer airdrop and announced that it will airdrop tokens with high circulating supply and will soon be listed on Binance.
Project Achievements
Development on Banana Gun began in early 2023, with public beta opening in June. We are incredibly proud of our achievements and would like to highlight some of our most significant milestones.
