Binance has unveiled its latest altcoin airdrop, generating significant interest in the cryptocurrency community.
The newly introduced cryptocurrency, BANANA Token, will be listed under several trading pairs including BTC, USDT, BNB, FDUSD, and TRY starting July 20 at 09:00 UTC.
This risky asset will debut with a “seed label” akin to Coinbase’s experimental tag
Users participating in Simple Earn products by staking BNB between June 23, 2024, and July 5, 2024 (UTC) will receive tokens through the airdrop.
The BANANA HODLer Airdrop page is set to go live within a few hours, distributing tokens to spot wallets one hour before trading commences.
The total token supply amounts to 10 million, with Binance distributing 800,000 tokens via the airdrop. Notably, a whale acquired 500,000 tokens prior to the official announcement by Binance.
Retail investors are increasingly favoring XRP over Bitcoin, as Glassnode data shows a dramatic 490% increase in XRP’s daily active addresses, compared to just 10% for Bitcoin since the 2022 market low.
Fidelity Investments has moved forward with plans to launch a spot Solana Exchange-Traded Fund (ETF), with the U.S. Securities and Exchange Commission (SEC) formally acknowledging the filing.
Cryptocurrency analyst Ali Martinez has raised concerns about Ethereum’s future performance against Bitcoin, suggesting a significant decline could be on the horizon.
The crypto market is seeing increased support from various industries, with payment firms playing a key role in promoting digital assets.