An altcoin trading bot is rebounding after abruptly receiving support from the world’s largest crypto exchange platform by volume.
In a new announcement, Binance say that it has added support for Banana Gun (BANANA), a trading bot platform that works on multiple blockchains including Solana (SOL), Ethereum (ETH), and layer 2 protocols Base and Blast (BLAST).
Binance says it has attached a Seed tag to BANANA, indicating that the token has higher volatility and risk than other crypto assets listed on its platform.
The crypto exchange also notes that Banana Gun will be the first project ever listed on the Binance Airdrop Portal, a new program that rewards BNB holders with airdrops based on snapshots of their token holdings.
Binance goes further with a warning, saying that token airdrops could cause price volatility in BANANA as they would increase the supply in circulation.
BANANA’s price skyrocketed within 24 hours of Binance’s announcement. The altcoin rose from $54.44 to a record high of $78.62 – an increase of more than 44%.
BANANA has since recovered and is trading at $65.01 at the time of writing.
According to the project’s official website, Banana Gun is currently available for use on Telegram, but will soon have its own web application.
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Generated image: Midjourney
