Binance will add Banana Gun token to its listing
The world's largest cryptocurrency exchange Binance has launched the first project on its Airdrop portal - the Banana Gun token (BANANA). The coin supports the work of the Banana Gun Telegram bot, which provides tools for cryptocurrency trading.
Binance's Airdrop Portal is a blockchain platform that allows projects to distribute their tokens to cryptocurrency exchange users simply and efficiently.
Binance will add Banana Gun to the listing on Saturday
Binance customers who have blocked BNB tokens in Simple Earn between June 23 and July 5, 2024 will be able to participate in the BANANA airdrop.
The Banana Gun Telegram bot coin listing will take place on July 20. The BANANA token will appear on the platform with a “monitoring” tag because it presents more risks compared to other assets. Binance will launch trading with the following trading pairs:
-- BANANA/BTC;
-- BANANA/USDT;
-- BANANA/BNB;
-- BANANA/TRY.
“BANANA is a freely tradable token. Airdrop will quickly increase its issuance on the secondary market, which may lead to sharp fluctuations in price compared to the current price after listing on Binance,” the cryptocurrency exchange warned its customers.
Following the news from Binance, the BANANA token exchange rate jumped by more than 20%. According to CoinGecko, at the time of writing, the asset is trading at $69.55. Meanwhile, the capitalization of Banana Gun coin exceeded $166.8 million.
The sharp rise in the value of BANANA has attracted the attention of crypto traders. According to Lookonchain, today a user spent 440 Ethereum (ETH), which is valued at $1.5 million, to buy 21,183 BANANA at an average price of $71.14.
Prior to that, the crypto market participant bought 18,803 BANANA at an average price of $12.52, draining $235 thousand. Later, he sold the coins at $26.26 and recorded a profit of $258 thousand.
In September last year, BANANA quotes collapsed to zero due to an error in the smart contract. The Banana Gun project team had to sell off all its assets to maintain liquidity.
