About Banana Gun

The cryptocurrency industry stabilised on Wednesday morning as some investors moved in and bought the dip. Banana Gun (BANANA) rose by over 42% to $15.7, bringing the seven day gains to 10%. Onyxcoin (XCN) token jumped by 17.15% to $0.01352, while Hedera Hashgraph (HBAR) jumped by 7% to $0.20.

With the last month of 2024 underway, the crypto market is expected to note some significant volatility. Bitcoin is expected to reach the $100,000 historic mark before the end of the year, and this could trigger rallies in all major and minor altcoins.

October saw a bullish surge in the crypto market, but the final week left investors disappointed as altcoins faced significant drawdowns. With November now underway, investors are eager to know if this trend will continue.

In the next seven days, the altcoin market will register major token unlocks, which every crypto trader should know and understand to avoid unnecessary traps. According to the aggregate data platform Tokenomist, total token emissions this week could exceed $340 million, and early investors will get hold of their funds.

Banana Gun, a Telegram-based trading bot, was compromised on September 19, leading to major losses for its users.

Meanwhile, blockchain sleuth ZachXBT alleges three perpetrators were involved in a $243 million theft from a single Genesis creditor.