Banana Gun review: fees, anti-rug and the BANANA token

Banana Gun is a Telegram trading bot built for sniping new token launches, above all on Ethereum. It charges 0.5% on manual Ethereum trades and 1% on snipes and on other chains, and pays referrers 10% of their referees’ fees. It’s unusual in sharing 40% of bot revenue with BANANA token holders. Its anti-rug feature is among the most developed in the category. Its custody model is strict: you see a generated key once and never again.

Below: fees, features, the referral program, the token, and the risks worth knowing.

What is Banana Gun?

Banana Gun started in 2023 as an Ethereum sniper bot and has grown into three products:

• The Telegram bot for instant buys and sells, auto-sniping, limit orders and copy trading. On EVM chains it’s split into separate bots for registration, buying/sniping and selling.
• Banana Pro, a web trading terminal with charts, a watchlist, snipes, limit orders and copy trading. You log in via Privy.
• Banana Predict, a prediction-market trading app with copy trading and wallet tracking.

Which chains does Banana Gun support?

As of September 2026, the Banana Gun homepage lists eight networks across the bot and Banana Pro: Ethereum, Solana, BSC, Base, Robinhood Chain, Stable, HyperEVM and MegaETH.

Older sections of the docs still mention Sonic and Unichain and not the newer chains, so the list has changed recently. Check the bot’s Chain Settings menu before bridging to a smaller network.

How much does Banana Gun charge?

The Banana Bonus page in the docs gives the clearest breakdown:

Trade type	Fee (as of September 2026)
Manual buys and limit orders on Ethereum	0.5%
Auto-sniper on Ethereum	1%
Trades on other chains	1%
Subscription	None
Gas, priority fee, MEV tip	Paid to the network, set by you

The homepage puts it more simply as 0.5% for manual trades and 1% for snipes. If you trade on Solana or Base, budget 1% per trade unless the bot shows you something lower.

Worked example: you manually buy $5,000 of a token on Ethereum and sell it later at the same value. The fees are $25 on each side, $50 for the round trip. If you had sniped the launch instead, the buy side would cost $50, making $75 in total. On a 1% bot the same manual round trip costs $100, which is why Banana Gun is a common pick for larger Ethereum trades.

On top of that, you receive Banana Bonus, a cashback paid in BANANA tokens and calculated as fees paid in dollars times a multiplier the team sets. It’s small, but because the tokens themselves earn revenue share, it adds up over time.

Key features

• Auto Snipe for launches, including first-bundle strategies and a backup transaction if the first attempt misses.
• Anti-Rug on EVM: the bot watches pending transactions and tries to sell before a malicious contract change (a tax hike, blacklist or liquidity pull) takes effect. The docs quote an 80–85% success rate and note it only works on MEV blocks. That’s a useful safety net, not a guarantee.
• Anti-MEV on Solana, with an “Anti-MEV + Public” variant and a separate MEV tip setting for priority.
• Private transactions on EVM chains, keeping your trade out of the public mempool.
• Honeypot detection before you buy.
• Limit orders and copy trading in both the bot and Banana Pro.
• Transfer and bridge tools between your own wallets and across supported chains.

How Banana Gun holds your keys

Banana Gun lets you generate a wallet or import one with a private key. The bot keeps the key on its servers so it can sign snipes in the same block as a launch. Without that, sniping at this speed wouldn’t be possible.

What you need to know:

• The key is shown once. The EVM bot docs warn that Banana Gun shows a generated key only once. Its FAQ confirms there’s no way to retrieve it later. Save it straight away, ideally on paper, and consider importing it into MetaMask or Rabby.
• Deleting a wallet in the bot is permanent. If you haven’t saved the key, nobody can recover it.
• The service can move your funds. In September 2024 attackers exploited a flaw in the bot’s Telegram message handling and moved about $3M in ETH from 11 users, most of them experienced traders. According to The Block’s report, Banana Gun refunded everyone from its treasury without selling tokens. It then added a two-hour transfer delay, two-factor authentication for transfers and new audits.

The refund speaks well of the team. The incident also shows the structural risk: when a bot can sign for your wallet, a bug in the bot is a bug in your wallet. Keep only active trading funds in Banana Gun and move profits out. Our guide on whether Telegram trading bots are safe walks through how to limit that exposure.

Banana Gun referral program

What referrers earn: create a link on the Banana Gun rewards dashboard. According to the bot FAQ, when someone trades through your link, 10% of all their transaction fees become claimable by you. Referral codes are embedded in each swap, so rewards are tracked on-chain, and the dashboard refreshes every two hours.

The claim minimum is 0.05 ETH. At a 10% share, your referees need to pay 0.5 ETH in fees before you can claim. At the 0.5% manual rate, that’s 100 ETH of their trading volume. Snipes and non-Ethereum trades at 1% get you there twice as fast.

What the person you refer gets: Banana Gun’s docs don’t list a fee discount for referees. They pay the standard fees and earn Banana Bonus like everyone else. The homepage says higher referral percentages are among the perks unlocked through its rewards system, but it doesn’t publish tiers.

Worked example: a referee trades $40,000 a month on Ethereum, half manual and half sniped. They pay $100 + $200 = $300 in fees, and you earn $30 a month in ETH.

The BANANA token and revenue share

BANANA is Banana Gun’s token, with no buy or sell tax. According to the rewards docs:

• 40% of bot revenue after referral payouts goes to token holders.
• You need to hold at least 50 BANANA to qualify, and only unlocked tokens earn.
• Claims are gas-free once your share reaches 0.1 ETH or 0.1 SOL. On EVM chains you can claim in ETH or BANANA, and on Solana in SOL.

It’s real revenue share rather than emissions, but your return depends entirely on bot volume, which rises and falls with memecoin cycles. Buying the token is an investment decision separate from using the bot.

Who is Banana Gun for?

Good fit:

• Ethereum traders who snipe launches and want anti-rug and private transactions.
• Manual Ethereum traders with larger sizes, for whom 0.5% instead of 1% matters.
• Traders who like the idea of fee revenue flowing back to a token they can hold.

Probably skip it if:

• You mainly trade Solana memecoins. Trojan has lower effective Solana fees with its cashback, and web terminals like those in our Axiom review offer more Solana data.
• You want the widest chain coverage, including Tron and TON. See the Maestro review.
• You want to be able to re-export your key from the bot later. Banana Gun won’t let you.

Downsides

• Non-Ethereum trades cost 1%, the same as competitors, so the fee advantage is Ethereum-only.
• Keys can’t be re-exported after creation.
• A real exploit in its history, even though it ended in a full refund.
• High claim minimum for referrers (0.05 ETH).
• Anti-rug is probabilistic, with an 80–85% success rate on MEV blocks only, so rugs still get through.
• Split bots on EVM (register, snipe, sell) take getting used to.

Verdict

Banana Gun remains one of the strongest choices for sniping and manual trading on Ethereum. It has the cheapest manual fee among the major bots, a mature anti-rug system and a token that shares real revenue. Outside Ethereum it’s a solid 1% bot without a clear edge.

If Ethereum launches are what you trade, set up Banana Gun, write down the key the moment the bot shows it, turn on Telegram two-step verification, and keep your balance small. Our best Telegram trading bots ranking shows how it compares with the other bots, and our BullX review covers what happened to one former rival.