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"On September 12th, according to market data, the Telegram Bot project Banana Gun's token, BANANA, opened and traded for 1 and a half hours before going to zero. It briefly reached a peak of over $8.5.
The official team released an announcement stating that their tax contract had an ""irreparable error."" The 4% sell tax did not correctly enter the project's tax wallet but remained entirely in the seller's wallet. In response, the project team plans to sell the treasury wallet's BANANA to deplete the liquidity pool (LP) and use the funds for deploying a new contract.
According to the compensation plan released by the official team, Banana Gun took a snapshot at block height 18115275 (approximately 3:43 AM Beijing time). They will airdrop the new coin to every user holding BANANA at the time of the snapshot and restart the LP pool. If users sell their tokens after the snapshot time and realize profits, the project team will not provide compensation. However, if users sell at a loss, the project team will compensate for the ETH lost." |
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