PANews reported on November 4 that Michael Bouhanna, Vice President and Head of Digital Art at Sotheby's, said in a post that rumors about the meme token BAN he created have recently flooded the Internet, leading to a lot of misunderstandings and false information. Bouhanna clarified that the BAN token was a project he personally initiated on the Pump.Fun platform out of interest, and had nothing to do with his position at Sotheby's, and Sotheby's was not involved. The project was initially released anonymously, and the rapid growth driven by the community was not anticipated, nor was it promoted or encouraged to be purchased.
Bouhanna pointed out that the idea of BAN came from his understanding of "Comedian" artwork, and the token made a satirical comment on the meme-driven crypto market. In addition, he emphasized that the recent rumors that he made $1 million from the project were completely untrue, the relevant wallets were not his, and most of the gains were unrealized value.
