Banana For Scale (BANANAS31): The Meme Coin That Launched to the Moon

🍌 What Is BANANAS31?

Banana For Scale, ticker BANANAS31, is a BNB Smart Chain–based meme token inspired by the viral “banana for scale” meme—famously used on Reddit and later featured on SpaceX’s Starship 31 by Elon Musk . Launched on November 16, 2024, all 10 billion tokens were released into circulation from day one, emphasizing community-driven engagement over complex tokenomics .

📈 Price History & Recent Market Activity

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• Launch Price (Nov 2024): Approximately $0.000804, the token’s all-time low, recorded early in launch week .

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• All-Time High: ~$0.05774 on July 11, 2025—an 87% fall from that peak at current levels .

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• 2024 Close: ~$0.00379

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• 2025 Close (so far): ~$0.00777 with an average price of ~$0.00530, up over 470% in 2024 and then down ~51% year‑to‑date .

💵 Current Price Snapshot (as of July 29, 2025)

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• CoinMarketCap / CoinGecko / Binance / Coinbase report current prices in the range of $0.0072 – $0.0076 .

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• Market Cap: Roughly $72M–$75M, based on the full 10B circulating supply .

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• 24‑Hour Volume: Extremely high, between $394M–$420M, indicating high liquidity and trading churn .

🔍 Technical & Market Trends

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• Learned Bounce: After a steep decline—over 90% loss in value in just one week—BANANAS31 rebounded nearly 40% in two days, though struggled to hold above the $0.0088 resistance area .

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• Current Structure: Analysts note a descending wedge formation, with key support near $0.0062 and resistance between $0.0095–0.0108. A breakout could target mid‑Q4 2025 at $0.013–$0.014, although failing resistance could see a retest of $0.006–$0.004 .

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• Momentum Indicators: MACD is attempting a bullish crossover, RSI sits near 50, and Bollinger Bands are widening—suggesting heightened volatility and uncertainty around direction .

🧠 Community & Cultural Context

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• Internet Meme Roots: BANANAS31 draws directly from viral meme culture and Reddit humor—reinforced by SpaceX’s banana motif on Starship 31—and positions itself more as a cultural token than utility-driven asset .

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• Community Growth: Within its first week, it amassed ~16,600 holders and ~8,000 community members, showcasing early viral traction rather than technical innovation .

📊 Forecast & Future Scenarios

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• Bullish Case: If it breaks out of the wedge and reclaims resistance zones, speculative targets of $0.012–$0.014 are possible as traders rush momentum cycles .

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• Bearish Case: Failure to reclaim key support (~$0.0068–$0.0072) could result in downward retests toward $0.0040, or revisit consolidation zones near prior lows .

⚠️ Risks & What to Monitor

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• Extreme Volatility: Intra-day swings as steep as ±30–100% are common; recent surges of 30–1000% have been followed by sharp corrections .

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• Speculative Meme Asset: The token lacks an underlying utility protocol or roadmap; price is driven primarily by social momentum and meme cycles.

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• Resistance Zones: $0.0088–0.0108 cluster is critical—failure to hold gains above this range may be a sign of fading interest or exhaustion .

🧮 Summary Table

MetricValue / InsightLaunch DateNov 2024, first price ~ $0.0008Current Price~$0.0072–$0.0076 (as of July 29, 2025)Market Cap~$72–75MExtreme Price Range$0.0008 ATL → $0.0577 ATHResistance Range~$0.0088–$0.0108Support Range~$0.0062–$0.0070Bullish Target (2025)~$0.012–$0.014 via wedge breakoutDownside RiskDrop to ~$0.0040 if support fails

📝 Closing Thoughts

Banana For Scale (BANANAS31) is a classic meme token fueled by cultural nostalgia and high-octane speculation. While it has no utility beyond its viral appeal, its notable price action—launching from under a cent to multi‑cent territory within months—has drawn attention.

For traders following momentum and meme cycles, BANANAS31 offers a volatile but potentially rewarding opportunity. Yet for anyone seeking stability, long-term value, or DeFi fundamentals—this token remains firmly in the speculative entertainment category. Keep a close eye on support/resistance levels, volume surges, and community sentiment shifts if you’re tracking this asset further.