Binance, the world’s leading cryptocurrency exchange, has announced the launch of Banana Gun ($BANANA) as the first project in its Binance HODler Airdrops initiative. $BANANA, the native token of the Banana Gun bot ecosystem, offers advanced trading tools for on-chain tokens.
Users who staked their BNB in Simple Earn products from June 23 to July 5, 2024, are eligible for the $BANANA airdrop. Binance will list $BANANA this Saturday, with trading pairs including BTC, USDT, TRY, FDUSD, and BNB.
On-chain data reveals that a smart trader has accumulated approximately $1.5 million worth of $BANANA in the past 24 hours. The token’s fully diluted market cap stands at about $616 million, with a daily trading volume of roughly $37 million and around 10,000 on-chain holders. The Banana Gun project has burned 10% of its total supply and locked 45% for token vesting.
Ahead of the Binance listing, $BANANA’s price has surged over 61% in the past week, reaching $69 on Friday and peaking at an all-time high of $75. The token targets the next liquidity level of $91, aligning with the daily 3.618 Fibonacci Extension. This strategic move by Binance is expected to drive further interest and trading volume for $BANANA.
