Traders Union flags BANANAS31 USDT as a probable crypto scam amid signs of price manipulation

Traders Union warns BANANAS31 USDT surge is a likely pump-and-dump scam, with price up 300% in one week on Bybit.

LONDON, June 26, 2025 – Traders Union has issued an urgent warning about the crypto token BANANAS31 USDT, identifying it as a likely scam that exhibits all the hallmarks of a coordinated pump-and-dump scheme. The alert comes as the token experiences a rapid and unexplained price surge, raising serious concerns about investor safety and market manipulation. Full details of the investigation and analysis are available at the source.

According to Traders Union analysts, the price of BANANAS31 USDT has increased by over 300 per cent in one week, including a 31 per cent spike in the last 24 hours on the Bybit exchange. This type of price behaviour, occurring without any legitimate product release, technical development, or official communication, is a strong indicator of artificial market activity. Traders Union believes the token is being deliberately inflated to create a false sense of urgency and drive FOMO among retail traders, many of whom may not recognize the warning signs.

One of the most alarming aspects of the token is the degree of supply centralization. The Traders Union’s investigation revealed that nearly 80 per cent of all BANANAS31 USDT tokens are held by a small number of wallets. This concentrated ownership structure makes it easy for insiders to coordinate massive sell-offs once the price has peaked, leaving late investors holding worthless tokens. This type of behaviour is typical in fraudulent crypto schemes, where early actors profit by offloading tokens onto others who are drawn in by misleading price action.

Equally concerning is the total lack of transparency surrounding the development team. BANANAS31 USDT lacks a white paper, an official website, a GitHub repository, and public team profiles. There is no visible roadmap and no stated use case for the token. The Traders Union warns that this anonymity is not only unprofessional but also a strategy to avoid accountability once the project collapses. Investors are strongly urged to avoid any token whose creators refuse to disclose their identities or provide documentation.

Traders Union’s report draws comparisons between BANANAS31 USDT and several past scams that followed a similar pattern. IVfun, also known as Invest Zone, rose 580 per cent before collapsing by 97 per cent. PINGU plummeted by 94 per cent in just one week. CUBA resulted in losses totalling $30 million. Another example, BONKILLER, left investors with more than $2.4 million in damages. These tokens shared the same critical flaws: anonymous teams, no product, and hype driven by manipulation.

A Traders Union spokesperson stated, “BANANAS31 USDT is following the exact pattern we’ve seen many times before. A token with no real product, no transparency, and a highly volatile price movement is never a good investment. Investors need to recognize the signs of market manipulation and take action before it is too late.”

The group advises those currently holding BANANAS31 USDT to reevaluate their investment and assess the risks. For potential investors, they recommend asking key questions before purchasing any token. These include who controls the supply, whether a real product is being built, and whether the development team is accountable. If answers to these questions are vague or nonexistent, it is likely a scam.

Traders Union is calling on the crypto community to spread awareness. Scam tokens like BANANAS31 USDT do more than cause personal losses. They damage the credibility of the broader cryptocurrency ecosystem and erode trust in digital assets. By identifying and exposing bad actors early, the community can limit their reach and protect more investors from harm.

The full report, including analysis, comparisons, and expert commentary, is available at the Traders Union website. The Traders Union continues to publish alerts like this to educate and protect traders, promoting integrity across the digital finance space.

About Traders Union

The Traders Union is a global platform dedicated to promoting transparency, education, and risk awareness in the financial and cryptocurrency markets. The organization provides broker reviews, market insights, and independent analysis for traders of all experience levels.

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