The Binance HODLer Airdrops Portal has listed Banana Gun (BANANA). Consequently, the token has surged by a staggering 26% in less than 24 hours.
The leading cryptocurrency exchange Binance announced the inclusion of Banana Gun, the ecosystem token of the Telegram-based trading assistant Banana Gun bot, on its newly launched Binance HODLer Airdrops Portal. This move has ignited strong market enthusiasm, pushing BANANA’s price from $57.6 to $72.6 within a mere 12 hours.
The Binance HODLer Airdrops program, launched today, rewards users who have subscribed their Binance Coin (BNB) to Simple Earn products. Those who participated between June 23 and July 5 are now eligible to receive the airdropped BANANA tokens. Detailed information on the distribution process is now live on the Binance HODLer Airdrops page.
Binance HODLer Airdrops: Impact on BANANA Token’s Market Performance
According to Binance and further news coverage, the maximum supply of BANANA tokens is capped at 10 million, with the current total supply sitting at 8.9 million. Out of this, only 2.42 million tokens are currently in circulation. A significant portion, 800,000 BANANA tokens, has been allocated for the Binance HODLer Airdrops rewards.
Following the airdrop, Binance Spot will officially list BANANA on July 20 at 09:00 UTC, with trading pairs including BTC, USDT, BNB, FDUSD, and TRY. Holders of BANANA through the HODLer Airdrops will find their tokens in their spot wallets an hour before trading begins.
Binance has cautioned users about the potential for significant price volatility, emphasizing that the asset is already in circulation. The airdrop will increase the token’s circulation, which could lead to heightened price volatility.
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The announcement has had an immediate impact on the BANANA token. Within hours, the token’s price surged over 26%, and trading volume spiked by 1,000%, reaching $36.4 million at the time of writing. This surge comes as the BANANA token has already shown a strong upward trend, being up by more than 500% over the past year. The token is now just 11% below its all-time high of $78.33, achieved last month. Crypto expert Ran Neuner has highlighted BANANA for its strong potential for massive returns.
The Binance HODLer Airdrops Portal is designed to distribute on-chain airdrops to Binance users, rewarding BNB holders based on historical snapshots of their BNB balances. Users subscribing to the Simple Earn Program with BNB automatically qualify for these airdrops, alongside potential rewards from Binance Launchpool and Megadrop. The exchange transfers these rewarded airdrop tokens to users’ spot wallets before the tokens are listed on Binance Spot.
In celebration of its seventh anniversary, Binance has ramped up its rewards for this bull run, recently announcing a two-week competition featuring big rewards for dog-themed memecoins. This strategic move to list BANANA on the Binance HODLer Airdrops Portal is expected to draw even more attention to the platform and its new initiatives.
The launch of the Binance HODLer Airdrops Portal marks a significant milestone for Binance, as it continues to innovate and provide value to its users. The strong market response to the listing of Banana Gun (BANANA) underscores the platform’s influence and the growing interest in innovative cryptocurrency projects.
As the cryptocurrency world watches closely, the future of BANANA looks promising. The Binance HODLer Airdrops have provided a significant boost to the BANANA token and set the stage for what could be a series of successful airdrops and listings on the portal.
With trading set to begin on July 20, all eyes will be on BANANA and its performance. The significant price surge and trading volume increase are just the beginning, and the coming weeks will reveal whether BANANA can maintain its momentum and reach new heights.
In conclusion, the Binance HODLer Airdrops Portal’s listing of Banana Gun has sparked a remarkable 26% surge in the BANANA token, demonstrating the power and potential of this new platform. As the cryptocurrency market continues to evolve, Binance’s innovative approaches and strategic listings are likely to keep it at the forefront of the industry.
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