Binance HODLer airdrop program launches first project "Banana Gun," token surges 38%

Early this morning, the cryptocurrency exchange Binance announced the first project of its "HODLer Airdrop Program" called "Banana Gun," in which 8.9% of the total token supply will be distributed through airdrop to users' spot wallets within one hour before trading opens tomorrow morning.

Binance Launches "Banana Gun $Banana" Airdrop for HODLers

Just a month after the launch of the HODLer airdrop program, Binance has now launched its first airdrop project called "Banana Gun."

As the native token of the Telegram bot "Banana Gun," here are the details of the BANANA token:

• Token Name: Banana Gun BANANA
• Total Token Supply: 8,900,000 BANANA
• Maximum Token Supply: 10,000,000 BANANA
• HODLer Airdrop Token Reward: 800,000 BANANA
• Current Circulating Supply: 2,420,000, which accounts for 27% of the total supply
• Circulating Supply at Binance Listing: 3,220,000 BANANA, which represents 36% of the total token supply

Project Introduction: Unibot's Strongest Competitor? Banana Gun Bot Attracts Attention with Token Launch, Motives Questioned

Airdrop and Trading Schedule

The announcement states that users who hold BNB and subscribe to Binance Earn products, either fixed-term or flexible, between 00:00 UTC on June 23, 2024, and 23:59 UTC on July 5, 2024 will receive airdrop rewards based on their holdings snapshot data.

Furthermore, Binance will list BANANA on July 20, 2024, at 09:00 UTC and open trading pairs for BANANA/BTC, BANANA/USDT, BANANA/BNB, BANANA/FDUSD, and BANANA/TRY.

It is reported that the HODLer airdrop page is expected to be live now, and the airdropped tokens will be automatically distributed to users' spot wallets within an hour before trading begins.

For more details, please see: Binance Introduces HODLer Airdrop Program: A New Benefit for BNB Holders

BANANA Price Surges by 38%

Following this news, the BANANA token also surged by over 38%, reaching a new high of $76.6, and has now stabilized around $70, although the volatility remains quite high.

It is worth noting that BANANA has been circulating in the market for a long time, and the recent airdrop rewards over the past two days will rapidly increase the circulation in the secondary market, potentially leading to more intense price fluctuations after Binance trading begins. Exercise caution when trading.