Banana Gun, a
Telegram-based trading bot, has been in the news due to a series of incidents. Beginning with an unfortunate security breach that led to the theft of 563 ETH (approximately $1.9M at the time) from users, the Banana Gun team was quick to act. They promised to absorb the $3M loss from the hack and fully reimburse the impacted users. As a result, their BANANA token climbed 7% in value.
However, while the bot showed resilience, additional issues cropped up including reports of user wallets getting drained and warnings that it may have been compromised. Despite these issues, the BANANA token experienced a notable 110% spike, showing significant investor confidence.
The bot also made headlines as it made an attempt to mitigate the effects of the hack by destroying 2% of the total BANANA token supply, which equated to around $8.6M. The bot, not losing momentum, also made significant strides in adoption and utility.
Major exchanges, like Binance and OKX, listed BANANA amidst these tumultuous events, proving the project’s resilience and robustness. In fact, Binance introduced BANANA as the first project on its HODLer Airdrops, indicating a strong trust in the project. The future of Banana Gun remains to be seen as it continues to navigate its way through the dynamic crypto market.
Banana Gun News Analytics from Fri, 17 Jul 2020 07:00:00 GMT to Mon, 18 Nov 2024 02:20:37 GMT -
Rating 5
- Innovation 6
- Information 7
- Rumor 3
