GMGN vs Banana Gun (2026): Which Finds the Wallet, Which Copies It

The Short Answer

GMGN is the stronger tool for finding wallets worth following: wallet leaderboards, a wallet radar, insider and sniper labels, and a web terminal built around them, at a flat 1% per trade. Banana Gun is a Telegram bot first, with a web terminal called Banana Pro, and on its own published rates it charges less for manual trades: 0.5%, against GMGN's 1%.

For copying, the deciding fact is the chain. GMGN's docs limit copy trading to Solana. Banana Gun's copy trading docs cover EVM chains too. If the wallet you found trades on BSC or Base, Banana Gun's docs describe a way to copy it and GMGN's do not.

Side-by-Side

	GMGN	Banana Gun
Product type	Web terminal, per-chain Telegram bots, iOS and Android apps	Telegram trading bot plus the Banana Pro web terminal
Documented trading fee	1% flat, every trade, every chain	0.5% manual trades, 1% snipes (homepage FAQ)
Fee scope detail	No separate sniper or copy trade fee	Docs: 0.5% for manual buys and limit orders on Ethereum, 1% autosniper, 1% on other chains
Chains listed	Wallet docs: Solana, Ethereum, Base, BSC, Tron	Homepage: ETH, SOL, BSC, Base, Robinhood, Stable, HyperEVM, MegaETH
Copy trading	Solana only, up to 10 tasks, Telegram login required	Solana and EVM chains, per the bot docs
Wallet discovery	Leaderboards, wallet radar across up to 10 tokens, insider and sniper labels	Top traders and top holders widgets in Banana Pro
Sniping	Migrated Snipe, SnipeX (X/Twitter monitor, Solana only)	Liquidity-add sniper on Solana and EVM chains
Private key export	Prohibited on all chains, including imported wallets	Shown once at creation; no option to retrieve later
Native token	None	BANANA
30d fees (DefiLlama, 2026-11-03)	$11.08M	$2,017
Lifetime fees (DefiLlama, 2026-11-03)	$346.69M	$87.08M

What Does Each One Actually Do?

GMGN is a multichain memecoin terminal built around wallet tracking, with Telegram bots and mobile apps attached. Banana Gun is a multichain Telegram trading bot with a web terminal attached. Both buy, sell, snipe, set limit orders and copy wallets. They start from opposite ends.

GMGN's web terminal opens on the trenches feed and a copy trade section whose first tab is a ranked list of wallets. Its Wallet Radar takes up to 10 tokens at once and sorts the wallets that traded them into most bought, highest profit, earliest bought and shared holdings, with a button on each result to track or copy it. That is the "find the wallet" half of the pairing, and it is where GMGN has the deeper documented toolset.

Banana Gun's own welcome page describes the bot as working from a pasted token address, pump.fun link or Dexscreener URL, "no need to connect wallets, navigate exchanges, or manually swap tokens." Its feature list is spot trading, multichain trading, stablecoin trading, multi-hop routing, sniping, copy trading, limit and DCA orders, presets and rewards. Banana Pro, the web terminal, signs you in with Google, X or Telegram and adds a live pairs feed, charts, top traders and top holders widgets, and a copy trade widget.

The overlap is large. In practice the deciding questions are what a manual trade costs, which chains the automation reaches, and who can see your key.

How Do the Fees Compare?

Banana Gun publishes the lower rate on manual trades: 0.5% against GMGN's 1%. On snipes both charge 1%. Neither charges a subscription. Gas, priority fees and tips are extra on both and go to the network rather than the platform.

GMGN: 1% flat. From its fee documentation: "GMGN only charges a 1% handling fee for a single transcation, and there are no additional charges" (typo theirs). Its copy trade page restates it for automation: one copy trade costs the trade amount plus gas and priority fee plus the 1% GMGN fee, "no other factors." The same fee page sets the Solana priority fee and tip at a minimum of 0.0001 SOL and a maximum of 2 SOL each, says they "are not collected by GMGN," and requires a priority fee of at least 0.002 SOL to switch on Anti-MEV. It suggests 0.002 to 0.005 SOL of total on-chain fees for ordinary trades and 0.006 SOL or more for auto orders. The full breakdown is in GMGN fees explained.

Banana Gun: 0.5% or 1%. Its homepage FAQ reads: "There's a small charge on each successful transaction: 0.5% for manual trades, 1% for snipes. Nothing to subscribe to and no hidden costs, only pay when you trade." Its Banana Bonus page gives a narrower version: manual buys and limit orders on Ethereum at 0.5%, the Ethereum autosniper at 1%, and "trades on other chains" at 1%. The two pages do not say the same thing about which chains get the 0.5% rate. If you trade Solana or BSC manually, confirm the rate in the bot before assuming 0.5%.

Banana Gun also runs a rewards program that its rewards docs describe as cashback paid in BANANA on Ethereum, at 15% to 30% of fees depending on lifetime trading volume, plus monthly free-trade credits. That is Banana Gun's own program, paid in its own token, and it applies the same way however you arrive. GMGN documents no user-side cashback. GMGN's referral program pays the referrer, not the person trading, which the referral code guide lays out.

What a trade costs on each

On a 1 SOL manual buy on Solana, GMGN's platform fee is 0.01 SOL by its own worked example. Banana Gun's would be 0.005 SOL at the homepage rate or 0.01 SOL at the Banana Bonus page's "other chains" rate. Either way, the network side often matters more on a small trade: GMGN's suggested 0.002 to 0.005 SOL of priority fee and tip is already 20% to 50% of its platform fee at that size. To price your own trade size, use the GMGN trade cost calculator, which adds the 1%, the priority fee, the tip and slippage into one number.

Which Chains Does Each Support?

Both cover Solana, Ethereum, Base and BSC. Beyond that the lists differ, and neither platform publishes one single list that every page agrees with.

GMGN. Its wallet documentation gives deposit networks for Solana, Ethereum, Base, BNB Smart Chain and Tron, and the Telegram bots generate a Solana wallet, one EVM wallet shared across Ethereum, Base and BSC, and a Tron wallet. DefiLlama's adapter for GMGN, read 2026-11-03, also records fees on Monad, MegaETH, Hyperliquid L1, X Layer, Robinhood Chain, Arbitrum and Arc. We report those as measured activity, not documented support.

Banana Gun. Its homepage FAQ lists "ETH, SOL, BSC, BASE, ROBINHOOD, STABLE, HYPEREVM and MEGAETH" across the bot and the web terminal. The bot's wallet setup page says one EVM address is used on ETH, Base, BNB, MegaETH, Arc, Stable and Robinhood. An older supported DEXes page still lists Sonic and Unichain and notes that "Blast is no longer supported by Banana Gun." Treat the homepage as the current list and check in the bot for anything else.

Where you can place a manual trade barely separates them. Where the copy trading and sniping run does.

How Does Copy Trading Work on Each?

Both copy a target wallet's buys, and its sells if you want, with spending caps and market-cap filters. GMGN limits it to Solana and 10 tasks. Banana Gun documents it on Solana and EVM chains and publishes no task cap that we found.

GMGN. The copy trade documentation states: "You are allowed to create a maximum of 10 wallet copy tasks" and "Currently, only the SOL chain supports wallet copying, and users who have logged in to TG can use the wallet copying function." Buys are either a fixed amount or a follow-buy capped at a maximum. Sells can mirror the target in proportion, stay manual, or run on your own take-profit and stop-loss, including batched levels. The filters are market cap, pool liquidity, token creation time, minimum burnt-pool ratio, minimum and maximum copy size, a cap on adding to the same token, a launchpad filter and a blacklist of up to 20 tokens. A Lightning mode is documented as about 2 seconds faster, with the warning that it acts on unconfirmed data and "in extreme cases, the transaction may be executed repeatedly." After three failed copy trades in a row, the task pauses and does not restart itself. GMGN's own page warns that many users' copy trades profit and still lose money once priority fees are counted. Our walkthrough of the settings and that arithmetic is in GMGN copy trading.

Banana Gun. The bot's copy trading page offers Buy Exact, Buy Percent and Buy Fixed sizing under a Max Buy, copy sells as exact or percentage, a run time for the task, and limit orders. The advanced settings add a spending limit per wallet, minimum and maximum market cap, minimum and maximum token age, a tax limit, minimum trade size, minimum quote liquidity, "Buy Only Once" (which blocks the token for 7 days after the first buy), an option to ignore sponsored buys, blocked tokens and a token creator filter. The overview panel has a chain selector, and the docs note that on EVM chains gas is set in gwei and the Anti-MEV toggles are not available for EVM copy trades. Banana Pro has its own copy trade widget with the same core settings.

Banana Gun's page opens with a warning worth reading whichever platform you use: "Some target wallets may become malicious and try to drain your funds by aping into pump and dumps or honeypots." A wallet near the top of a public leaderboard is being copied by plenty of other people, and its owner can see that too.

Sniping and New-Launch Tools

Banana Gun's sniper fires when liquidity is added to a token you have queued in advance, on Solana and EVM chains. GMGN's sniping is built around Solana launchpads: a migration sniper and an X/Twitter-triggered buyer, alongside the trenches feed.

Banana Gun. The Sniper docs describe buying "the moment liquidity is added to its trading pair," which means you need the contract address before liquidity goes live. Banana Gun points users to its Banana SOL Deployer channel for new contracts and adds that "most token deployments are scams." Settings include Normal, Fast and Insane presets, minimum and maximum pooled liquidity, a maximum buy tax and an allowed-DEX list. Its supported DEXes page restricts Solana sniping to Raydium AMM, Raydium CP, Meteora Dynamic, Meteora DLMM and PumpSwap. The homepage FAQ also describes an "Anti-Rug" feature that watches pending transactions and, when a deployer tries a honeypot, tax change or liquidity pull, "automatically attempts to front-run it by exiting your position." Banana Pro adds a live pairs feed split into new deploys, close to migration and new pairs, showing the share of supply held by the developer, bundled wallets, snipers and the top 10.

GMGN. Migrated Snipe buys an ungraduated Solana token the moment it gets its official DEX pool, one task per token, set up before migration. SnipeX watches named X accounts for new posts, replies, profile changes or reposts and buys any contract address it detects, with a cap of 10 concurrent tasks, a 7-day task life, Solana only, and Telegram wallet users only. Around those sit the trenches columns, the security panel and insider and sniper labels on token pages. Our trenches and sniper guide covers how each piece works and what a snipe costs in total.

On a Solana launch you can work from either. If you want to buy an EVM launch in the block liquidity lands, Banana Gun's sniper is the one documented for it.

Security and Custody Differences

Neither platform lets you export a private key after setup. Banana Gun shows the key once, at creation. GMGN does not show it at all. Both have had a publicly reported incident with user losses and an announced reimbursement.

Banana Gun. Its wallet setup page tells you to "save your private key in a secure location. It will only be shown once!" The bot FAQ answers "How can I extract my private key from Banana Gun?" with "You can't. Banana Gun doesn't provide an option to retrieve your private key." Banana Pro's wallet setup says the same. So the window to take a copy of the key is the moment you create the wallet. The wallet settings page adds that a deleted wallet is "permanently removed from the server" and cannot be recovered if you did not save the key. You can also import an existing wallet by private key.

GMGN. Its wallet documentation states: "For the safety of user wallet funds, GMGN all chains ( SOL chain / EVM chain / Tron chain ) are prohibited from exporting private keys; Wallets imported from outside also can't export private keys." There is no show-once step. A wallet GMGN generates has no key you can ever take elsewhere, and a key you import cannot be read back out. On EVM bots, importing a new key changes the address on Ethereum, Base and BSC at once and deletes the old one. Withdrawals happen on the website, not in the Telegram bot. The full custody picture is in is GMGN safe, and who holds your keys.

Incidents. In September 2024, The Block reported that Banana Gun would refund 11 users after a $3 million exploit of their wallets, quoting the team: "we identified a potential vulnerability in the Telegram message oracle we use, which may have led to the exploit," and "all impacted users will be fully refunded from the Banana Gun treasury." In late October 2025, GMGN users were hit by a phishing wave through a forged third-party token site, affecting about 107 users according to Phemex News on October 28, 2025, and GMGN committed to full compensation. Our security hub collects the custody pages for GMGN, including that incident.

The BANANA Token, and Why GMGN Has None

Banana Gun has a token. GMGN does not. Here is what each side publishes.

BANANA. Banana Gun's tokenomics page lists about 3.22 million tokens circulating (32.2%), 1.1 million burned, 1 million team tokens and 4.5 million treasury tokens under lock, and 180,000 for market makers and a Uniswap pool, with no buy, sell or transfer tax. The rewards page says holders of at least 50 BANANA can claim a share of bot revenue, "40% after referrals." The bot's cashback is also paid in BANANA, and Banana Credits let users burn it for in-bot services such as extra wallets. We are summarizing Banana Gun's documents here and take no view on the token. Nothing on this page is a reason to buy it.

GMGN. There is no GMGN token. Roughly 50 tokens on-chain carry the GMGN name, and none are connected to the platform. GMGN's referral program is not a token and does not imply one is coming. The GMGN token question goes through every claim we have seen.

Which Should You Use?

Use GMGN to find wallets and to trade Solana launches from a web terminal. Use Banana Gun if you want a lower manual-trade fee, a Telegram-first workflow, or copy trading and sniping on EVM chains. On scale, the two are no longer close.

DefiLlama's fee API for Banana Gun, read 2026-11-03, shows about $2,017 in trailing 30-day fees and $87.08M lifetime, with its best month in March 2024 at $8.94M. The same endpoint for GMGN shows $11.08M over the trailing 30 days and $346.69M lifetime. Low fees do not mean the bot has stopped working, and its bot docs show updates within the past few months. They do mean far less flow goes through it than through GMGN today. The terminal fee and market-share snapshot puts both in the wider cohort.

Choose GMGN if:

• You want to find wallets: leaderboards, wallet radar, insider and sniper labels.
• You trade Solana launches and want migration snipes or X-triggered buys.
• You want a web terminal and mobile apps as your main surface, with Telegram as a backup.

Choose Banana Gun if:

• Most of your trades are manual, and the documented 0.5% rate applies to the chain you trade.
• You want to copy a wallet on BSC, Base or Ethereum. GMGN's docs offer no copy trading there.
• You want to snipe EVM launches at the moment liquidity is added.
• You want to see your private key once, at creation, rather than never.

Use both if you find wallets on GMGN and copy them on another chain with Banana Gun. That means two funded hot wallets and two fee schedules, which is a real cost for a small account.

If GMGN's side of that is what you need, GMGN vs Photon compares it against the browser terminal most people weigh it against. This is not financial advice, and nothing here is legal, regulatory or tax guidance. Fees, chain lists and features on both platforms change, and every figure on this page carries the date it was read.