Banana Gun is an innovative platform focused on protecting users from Maximum Extractable Value (MEV) bots and common scams and exploits such as carpet pulls and sandwich attacks. In addition to providing protection against malicious bots, the Banana Gun bot also gives traders greater flexibility through automatic interception, automatic limit orders, and manual redemptions.

The native cryptocurrency of the Banana Gun platform is BANANA, an ERC-20 token based on the Ethereum blockchain. BANANA was launched in 2023 to incentivize active community participation. Its main features include governance rights, rewards to token holders through a revenue sharing program, and community engagement features such as exclusive chats for holders. In addition, the $BANANA token also has a Banana Burn feature, which allows users to access additional features of the platform by burning tokens.

BANANA is a deflationary token with a maximum supply of only 10 million, which is much lower than the token supply size commonly seen in the crypto industry. The current total supply is about 8,900,000, the circulating supply is about 2,420,000 (27% of the total token supply), and the circulating supply after listing is expected to be 3,220,000 (36% of the total token supply). This limited supply ensures the scarcity of the token, which provides some support for its price.

The deflation mechanism is an important feature of $BANANA. Banana Gun plans to destroy a total of 1.1 million tokens, accounting for 11% of the maximum supply of the token. Today, the official destroyed another $8.6 million worth of tokens, accounting for 2% of the total supply. This move immediately pushed the price of $BANANA up by 25%, making it the top gainer. As more tokens are destroyed, the scarcity of BANANA will increase further, which may have a positive impact on its market performance.