Banana Gun Bot review

Banana Gun is a trading bot that runs in Telegram. You paste a token contract address, and the bot buys or sells from a wallet that you create or import in the bot. It began as an Ethereum sniper bot, a bot that buys a new token in the first block after liquidity goes live. DefiLlama's fee data for Banana Gun starts in June 2023.

Banana Gun now has three products. The Telegram bot trades and snipes. Banana Pro is a web terminal at pro.bananagun.io. Banana Predict is a tool for prediction markets. The homepage lists eight networks for the bot and the web terminal: Ethereum, Solana, BSC, Base, Robinhood, Stable, HyperEVM and MegaETH.

The main tools are manual buys and sells, auto sniping, limit orders, copy trading, MEV protection and an anti-rug feature. The homepage says that the anti-rug feature watches pending transactions and tries to sell your tokens first when a deployer pulls liquidity or changes a tax. For a wider list of bots, see our guide to the best Solana trading bots.

The fee page in Banana Gun's docs lists three rates. Manual buys and limit orders on Ethereum cost 0.5%. The Ethereum autosniper costs 1%. Trades on other chains cost 1%. The homepage gives a shorter version: 0.5% for manual trades and 1% for snipes, with no subscription.

Network costs are separate. On Ethereum, you pay gas and an optional miner tip for a faster snipe. On Solana, you pay a priority fee and an optional MEV tip. You set both in the bot's gas settings.

Banana Bonus pays back part of your fees in $BANANA. The docs give the formula as fees paid times a multiplier between 0.05 and 1, which Banana Gun sets. The docs do not state the current multiplier, so the fee table on this page does not count the bonus. The fee comparison table puts Banana Gun next to Trojan, Maestro, Axiom and GMGN.

Banana Gun is a working bot with on-chain fee data from June 2023. It has had two incidents that it confirmed in its own posts on X.

On 11 September 2023, Banana Gun said that its first $BANANA token contract had a tax bug that it could not fix, in spite of two audits. The team drained the token's liquidity pool and relaunched $BANANA on 14 September 2023 with an airdrop to old holders. This incident hit token holders, not bot wallets.

On 19 September 2024, some users saw unauthorized transfers out of their bot wallets. Banana Gun switched off the bot. On 24 September 2024, it said that 11 users were affected and that $3M was drained. It said that all of them would get a full refund from the treasury. Banana Gun and outside experts traced the attack to a possible flaw in the Telegram message oracle that the bot uses. Banana Gun then added a 2-hour delay on transfers, moved to new servers and said that it would add two-factor checks for transfers.

The wallet model matters most. The bot makes a wallet for you, shows the private key once, and then trades with it. The docs say that you cannot get the key from the bot after that. Save the key when you create the wallet, set a security PIN in the settings, keep only trading money in the bot, and move profits to a wallet that only you control. The terms of service do not name the company that runs Banana Gun. They name English law and the courts of Saint Vincent and the Grenadines for disputes.

The tokens are the larger risk. The anti-rug feature tries to exit before a rug pull, but it cannot save every trade. Our memecoin survival data shows how often new tokens fail.

Banana Gun runs a separate Solana bot with its own docs. It has manual trades, auto sniping, limit orders and copy trading. Every Solana trade costs 1%, because the 0.5% rate is for Ethereum only.

The docs list the Solana venues for normal trades: Raydium AMM, Raydium CP, Raydium CLMM, pump.fun, Orca, Meteora Dynamic, Meteora DLMM, Fluxbeam, Moonshot, PumpSwap and Boopfun. Sniping on Solana works only on Raydium AMM, Raydium CP, Meteora Dynamic, Meteora DLMM and PumpSwap. For a wider view of the platforms that Solana traders use, see our guide to memecoin trading platforms.

Holders with at least 50 $BANANA share a reward pool funded by 40% of bot revenue after referral payments. Only unlocked tokens earn rewards, with an exception for part of the team allocation. All eligible holders split the one pool, so no single holder gets 40% of revenue. Claims on EVM chains pay in ETH or $BANANA. Claims on Solana pay in SOL.

The tokenomics page states a circulating supply of about 3.2m tokens, with no buy, sell or transfer tax. The treasury holds 45% of the supply, locked, and uses it for Banana Bonus payouts.

Banana Gun pays referrers, not invited traders. The EVM docs say that a referrer can claim 10% of the trading fees of each user who signs up through the referral link. Rewards update every 2 hours, and the smallest claim is 0.05 ETH. The homepage adds that rewards can raise the referral percentage.

The docs list no fee discount for the invited trader. MemeFees has no Banana Gun referral code, so the button on this page is a plain link to bananagun.io.

Trojan, Maestro, Axiom and GMGN list a 1% platform fee in their own docs. Banana Gun matches that rate on snipes and on every chain except Ethereum. Its 0.5% rate for manual Ethereum buys and limit orders is the only lower rate in this group. Trojan and Axiom lower the 1% fee with cashback that rises with activity. Banana Gun pays back part of the fee in $BANANA through Banana Bonus.

Choose Banana Gun if you trade on Ethereum by hand or snipe new Ethereum launches. For Solana-only trading, the fee is the same as the other bots, so compare the tools, the cashback and the wallet model before you choose.