$BANANA Token Price Surge Ahead of Binance Listing
The post $BANANA Token Price Surge Ahead of Binance Listing appeared first on Coinpedia Fintech News
The leading cryptocurrency exchange by globally registered users and daily average trading volume, Binance, announced the introduction of Banana Gun ($BANANA) as the first project on the Binance HODler Airdrops. Notably, $BANANA is the native token for the Banana Gun bot ecosystem, which provides trading tools for on-chain tokens.
Binance announced that users who subscribed their BNB to simple earn products from June 23 to July 5, 2024, will be eligible for the $BANANA airdrop. The cryptocurrency exchange will list BANANA on Saturday with a seed tag under Bitcoin, USDT, TRY, FDUSD, and BNB trading pairs.
Rising Demand for $BANANA
Ahead of the upcoming listing on Binance tomorrow, on-chain data shows a smart trader has accumulated around $1.5 million worth of $BANANA in the past 24 hours. The smart trader has been accumulating BANANA tokens in the past as the token hovered between $11 and $20.
The small-cap meme coin, with a fully diluted valuation of about $616 million and a daily average traded volume of around $37 million, has around 10k on-chain holders.
According to on-chain data, the Banana team project burned 10 percent of the total supply and locked around 45 percent for Token Vesting.
$BANANA Price Targets
Following the heightened demand for $BANANA tokens by whale investors and speculative retail traders amid the upcoming Binance listing, the price surged more than 61 percent in the past week to hover around $69 on Friday.
The altcoin is already in price discovery after reaching an all-time high of around $75 in the past 24 hours. From a technical standpoint, the $BANANA price aims for the next liquidity level around $91, which coincides with the daily 3.618 Fibonacci Extension.
