Binance BNB HODLer Airdrop Launches Banana Gun! Coin price surges 40% to hit record high

This site (120btC.coM): In addition to Binance platform currency BNB users being able to participate in Launchpool (new coin mining) and Megadrop (Web3 wallet activities), Binance launched a new HODLer airdrop in the middle of last month. BNB users bring more benefits.

Any user who uses BNB fixed-term and/or current products within a specific period of time is eligible to receive new coins airdropped by HODLer.

$BANANA joins the first HODLer airdrop

In the early morning of today (19th), Binance announced that the token for the first HODLer airdrop is BANANA, which is the native token of the Banana Gun robot.

Banana Gun is a TG robot that helps users snipe contracts to quickly obtain tokens. Its most famous function is the sniper opening function.

Binance announced that all users who subscribe for BNB coin-earning products from 8 a.m. on June 23 to 8 a.m. on July 6 will receive airdrop allocations. The BANANA HODLer airdrop page is expected to go live within five hours, and new tokens will be distributed to users’ spot wallets 1 hour before trading begins.

At the same time, $BANANA will be listed on Binance at 5 pm on July 20, and trading pairs such as BANANA/BTC, BANANA/USDT, BANANA/BNB, BANANA/FDUSD and BANANA/TRY will be open.

Binance also reminded in the announcement that BANANA has been added with a seed tag, and the HODLer airdrop rewards will quickly increase the circulation in the secondary market, which may cause the price to fluctuate more than the current price after Binance opens. Please be careful when trading!

$BANANA hit a record high

Inspired by this, the price of BANANA surged sharply. According to CoinGecko data, the price of BANANA soared 38.11% from US$54.81 to US$75.7 in one hour early this morning, hitting a record high.

It is currently trading at $66.5, up 18.6% in the past 24 hours. Its market capitalization exceeded US$159 million, making it the 307th largest cryptocurrency by market capitalization.

What is the Binance HODLer airdrop?

The official explanation is that the HODLer airdrop was launched because the community has recently widely criticized the high valuation (FDV) and low circulation of VC coins, which are a way for institutions to cut leeks because they were launched in a high valuation and low circulation model. Tokens will lead to huge selling pressure when unlocked in the future. Such a token structure is detrimental to ordinary investors and loyal community members of the project.

Therefore, in order to promise to create a healthier market environment, Binance will support small and medium-sized projects with strong fundamentals, large circulating supply, and organic community support, so it launched the HODLer airdrop, indicating that it will airdrop high token circulating supply A large amount of tokens that will be listed on Binance.

How to participate in the Binance HODLer airdrop?

• Log in to your Binance account

• Subscription for BNB fixed-term or current products on the Earn Money platform is complete

Binance will randomly take snapshots, taking this time as an example, it will be at 8 a.m. on June 23 Users who have subscribed for BNB coin-earning products from 8 a.m. to July 6 are eligible. Qualified users will receive HODLer airdrop rewards in their spot wallets within 24 hours after the HODLer airdrop announcement.

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