Banana Gun is a Telegram-based trading bot designed to facilitate automated and manual cryptocurrency trading on blockchain networks, with primary functionality focused on token sniping and trading execution on the Ethereum network ^[1].

Overview

Banana Gun operates as a specialized trading tool that enables users to interact with decentralized exchanges (DEXs) through a Telegram interface. The platform combines automated trading capabilities with safety mechanisms designed to protect users from common cryptocurrency trading risks. The bot supports both Ethereum Virtual Machine (EVM) compatible networks and Solana blockchain, offering various trading functionalities including auto-sniping, manual trading, and limit orders. ^{[1] [2]}

Key Features

Trading Capabilities

• Auto-sniping functionality for new token launches
• Manual trading interface for existing tokens
• Limit order functionality for both buy and sell orders
• Support for multiple blockchain networks (EVM and Solana)
• Transfer functionality for ETH and other tokens ^[1]

Security Features

• Anti-rug protection mechanisms
• Private transaction routing
• Sandwich attack protection
• Reorg protection
• Customizable safety settings ^[1]

Wallet Management

• Multiple wallet support
• Default wallet configuration
• Automated wallet management
• Custom gas settings
• Preset trading configurations ^[2]

Technical Infrastructure

The technical infrastructure of Banana Gun is designed to integrate seamlessly with various platforms. It operates through a Telegram bot interface, utilizing automated trading algorithms and blockchain network connections to facilitate trading activities. The system also includes DEX integration systems to ensure smooth transactions. Supported networks include the Ethereum Network as the primary network, along with EVM-compatible chains and the Solana blockchain. ^{[1] [3]}

Banana Gun Settings

The Banana Gun trading bot offers a variety of settings that allow users to customize their trading experience. Users can adjust settings such as slippage tolerance, gas price, and transaction speed to optimize their trading strategies. The bot also provides options for setting up automatic buy and sell orders, enabling users to execute trades based on predefined criteria. Additionally, users can configure security settings to enhance protection against potential trading risks, such as rug pulls and sandwich attacks. These customizable settings are designed to provide users with greater control and flexibility in their trading activities. ^[10]

2024 Telegram Bot Hack

In 2024, the Banana Gun Telegram bot experienced a significant security breach, resulting in the loss of approximately $1.9 million. The hack exploited vulnerabilities within the bot's infrastructure, allowing attackers to drain funds from user accounts. This incident highlighted the importance of robust security measures in the development and operation of cryptocurrency trading bots. Users were advised to take immediate action to secure their accounts and monitor for any unauthorized transactions. The Banana Gun team responded by implementing enhanced security protocols to prevent future breaches and protect user assets. ^[11]

Tokenomics

Banana Gun Token ($BANANA)

The platform incorporates a native BANANA token that offers several features, including a holding rewards system, a bonus incentive structure, a token burn mechanism, and ecosystem sustainability measures.^[4]

The Banana Gun token ($BANANA) has a market capitalization of $53,948,415, reflecting its current value in the market. Currently, there are 3,487,015 BANANA tokens in circulation out of a total supply of 8,453,568, with a maximum supply capped at 10,000,000 tokens. These metrics highlight the token's market presence and potential for growth within the cryptocurrency ecosystem. ^{[4] [9]}

Trading Functions

Auto-Sniping Features

• Customizable snipe settings
• Multiple wallet support
• Automated execution
• Gas optimization ^[6]

Manual Trading Options

• Direct buy/sell functionality
• Custom slippage settings
• Transaction monitoring
• Portfolio management ^[7]