If the token you hold surged over 25% in a short time just because of a banana photo, how would you feel? Indeed, such a miracle unfolded in today’s crypto market!
On the morning of November 18, 2024, Elon Musk, known as the 'Dogecoin Father', retweeted a hilarious photo on social media: John Kraus, the content director of Polaris (a private space exploration program supported by SpaceX), holding a giant banana in front of SpaceX's Starship. This photo quickly ignited enthusiasm in the crypto community, with numerous investors pouring in, causing the prices of both BAN and BANANA tokens to soar.
You may wonder, what magic does this banana hold? In fact, the story behind it is much more exciting than you can imagine.
Not long ago, Sotheby’s was about to auction an abstract artwork (Comedian) created by Italian artist Maurizio Cattelan, which features a banana taped to the wall with duct tape. This idea sparked the innovative spirit in the crypto community, and Sotheby’s vice president Michael Bouhanna even used it as inspiration to create the meme coin $BAN. Once launched, this token quickly attracted a lot of capital, and its market value skyrocketed to $50 million in a short period, continuing to rise thereafter.
Today, Musk's retweet undoubtedly added fuel to the fire for BAN's popularity. According to Dexscreener data, BAN surged from about $0.20 to $0.2508 within an hour after Musk's retweet, an increase of 25.4%, approaching the historical high of $0.292 set on the 14th. As of the time of writing, the price of $BAN is reported at $0.2236, having soared over 40% in the last 24 hours, with a market value of $218 million.
Meanwhile, the token named after the banana, BANANA, has also been influenced by this wave of excitement. This token is the native token of the sniper robot BananaGun, and its price quickly rose after Musk's retweet. As of the time of writing, the price of BANANA is reported at $59.52, with an increase of 8.3% within 24 hours.
This cryptocurrency frenzy sparked by a banana not only showcases the market's enthusiasm and investors' keen insight but also allows us to witness the infinite possibilities of the digital currency market. In this market full of opportunities and challenges, only by keeping up with the pace of the times can we seize every opportunity that may bring wealth.
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The above content is for information sharing only and does not constitute any investment advice! Investment involves risks, and you should proceed with caution when entering the market!
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