Trading bot altcoin Banana Gun (BANANA) is on fire after Binance, the world’s biggest crypto exchange, announced it would be listing the token.
Binance says BANANA, which operates across multiple blockchains like Solana, Ethereum, and layer-2 protocols, is a bit riskier than other coins on its platform. They’ve slapped a “seed tag” on it, meaning it’s likely to be more volatile.
But here’s the kicker: Banana Gun is the first project ever to be listed on Binance’s new Airdrop Portal. This means BNB holders will get free BANANA tokens based on how much BNB they own.
Binance is warning that this could cause BANANA’s price to jump around, as more tokens will be circulating.
And jump it did! Within 24 hours of the announcement, BANANA went from $54.44 to a record high of $78.62 – a whopping 44% increase. It’s since cooled down a bit, trading at $65.01 at the time of writing.
Banana Gun is currently available on Telegram, but they’re working on a web app for easier access.
Disclaimer: This is not financial advice. Always do your own research before investing in cryptocurrencies.
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