$BANANAS31 has risen quite sharply recently, directly tripling in value.
This coin plummeted after its launch in 2024, dropping to a low of 0.0009, almost falling by 10 times. Later, after it was listed on Binance, it received good news and began to rebound, reaching a peak of 0.008 in March.
Additionally, CZ has been actively promoting the BSC chain, which also led to a slight increase.
It had been consolidating at the bottom for a while, seemingly accumulating.
However, this recent surge doesn't have any real positive news; it's just the market makers driving the price up.
The market makers are likely doing this to offload their positions and let retail investors take over.
So, at this point, everyone should refrain from chasing the highs.
If you want to short, try with a small position and low leverage, and don’t be too greedy.
