BANANAS31 shows signs of price manipulation again
BANANAS31 jumps 30% amid meme coin rally but red flags emerge
BANANAS31 soared 30.3% on July 9, outperforming better-known mid-cap coins like Dogecoin (+2.5%) and TRON (-0.1%) amid a broader rally in small-cap tokens.
The surge coincided with Bitcoin’s climb back to $108.7K, as traders rotated into higher-risk assets. The meme token, with a low circulating supply of 10 billion tokens, benefited from speculative momentum and low liquidity, allowing for sharp price swings. Many investors were drawn in by the fast gains, echoing previous cycles where meme coins saw rapid appreciation. However, historical price behavior suggests these rallies are often short-lived and followed by steep corrections.
Red flags: anonymous team and lack of product
Despite the rally, critics are sounding the alarm. The BANANAS31 team remains anonymous, which is a major red flag in the crypto space. Projects without visible leadership, accountability, or a functioning product frequently end in collapse, and the pattern with BANANAS31 appears no different.
BANANAS31 price chart. Source: CoinMarketCap
Experts emphasize that anonymity in financial projects is typically used to avoid legal consequences or negative publicity once the token fails. With no working product or roadmap, the token’s rise is based solely on speculation and hype. In similar past cases, these dynamics have led to overnight losses for retail investors.
Caution urged as scam concerns intensify
Analysts and prior whistleblowers are again urging extreme caution, warning that BANANAS31 may be a scam designed to exploit retail greed. In past cycles, anonymous meme coins have caused heavy financial losses, often right after a sharp price increase. “We warned investors last time and received a lot of grateful feedback for doing so,” said one commentator. “We are warning you again—this is likely a pump-and-dump.” Traders are advised to avoid tokens without transparency, product utility, or responsible leadership. For those already invested, experts suggest exiting while liquidity allows to avoid being caught in what could be a swift and brutal crash.
Recently we wrote that traders tried to manipulate with BANANAS31 price.
