Trading bots Altcoins are on the rise after suddenly gaining support on the world’s largest cryptocurrency trading platform by trading volume.
Binance has announced that it has added support for BANANA, a trading bot platform that operates on multiple blockchains, including Solana (SOL), Ethereum (ETH), and layer-2 protocols Base and BLAST.
Binance has announced that it has given BANANA a seed tag, indicating that the token is more volatile and riskier than other cryptocurrencies listed on its platform.
The cryptocurrency exchange said Banana Gun will be the first project to be listed on the Binance Airdrop Portal, a new program that rewards BNB holders with airdrops based on a snapshot of their token holdings.
Binance has issued a warning that the token airdrop may increase the circulating supply of BANANA and result in price volatility.
The price of BANANA has skyrocketed in the 24 hours since Binance’s announcement. The altcoin has surged from $54.44 to an all-time high of $78.62, a gain of over 44%.
BANANA has since rebounded and is trading at $65.01 at the time of writing.
According to the project’s official website, Banana Gun is currently available on Telegram, but its own web application will be released soon.
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