News
Binance Launches $BANANA Airdrop, Token Skyrockets After Listing
Binance, the world’s leading cryptocurrency exchange by registered users and daily trading volume, has announced exciting news: the launch of Banana Gun ($BANANA) as the inaugural project on its Binance
binance binance@miceneurol.com Centralized Exchange
Airdrop HODler. This move marks a significant milestone for $BANANA, the native token of the Banana Gun bot ecosystem, which offers advanced trading tools for on-chain tokens.
Binance has revealed that users who staked their BNB in Simple Earn products from June 23 to July 5, 2024 will qualify for the $BANANA airdrop. The exchange plans to list $BANANA this Saturday, with trading pairs against Bitcoin, USDT, TRY, FDUSD, and BNB.
Growing demand for $BANANA
Ahead of the next Binance listing tomorrow, on-chain data shows a smart trader has accumulated around $1.5 million worth of $BANANA in the last 24 hours. The smart trader has accumulated BANANA tokens in the past, while the token was fluctuating between $11 and $20.
With a fully diluted market cap of around $616 million and a daily trading volume of around $37 million, the small-cap meme coin has around 10,000 on-chain holders. Specifically, Banana Gun Project It has burned through 10% of its total supply and locked up 45% for token vesting, according to on-chain data.
Price Targets $BANANA
Thanks to strong demand from speculative retail investors and traders ahead of the Binance listing, the price of $BANANA surged more than 61% last week, reaching around $69 on Friday.
The altcoin has entered price discovery mode, having recently hit an all-time high around $75. From a technical perspective, $BANANA is now targeting the next liquidity level of $91, aligning with the 3,618 daily Fibonacci extension.
Read also: List of best altcoins for long term earnings
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