BANANA Token Soars 32% as Mega Burn Event Fuels Bullish Sentiment and $50M Trading Surge

BANANAUSDT experienced a notable 32.33% increase over the past 24 hours, with the price rising from $6.00 to $7.94 on Binance. This surge is primarily attributed to strong bullish sentiment fueled by the announcement of an upcoming "Mega Burn" event scheduled for December 31, 2025, which will permanently remove 5% of the BANANA token supply and is expected to reduce sell pressure. Additional momentum was observed after BANANAUSDT turned a key resistance level at $17.00 into support, and buyers stepped in aggressively, as highlighted on social media and trading platforms. The market remains active with a 24-hour trading volume exceeding $50 million and a circulating supply of 4,005,338 BANANA, while the current market capitalization is reported around $24.46 million USD. Price and volume data show some discrepancies across exchanges, but the overall trend reflects strong demand and community engagement surrounding recent and upcoming events.