When Meme Coins Meet Art: Sotheby's Vice President Leads the Way in Speculating on Coins, BAN Reaches Nearly $100 Million in Market Cap

Five years ago, there was a viral sensation worldwide about a "banana taped to a wall," which was actually an artwork called Comedian and was sold for $120,000 in 2019. Just this month on the 25th, it was discovered that Michael Bouhanna, Vice President of Sotheby's, created a token called ComedianBAN at his personal address, which quickly gained attention on Twitter and reached a market capitalization of up to $100 million. After Michael Bouhanna deleted the post with his public address, the token plummeted by 80% in a short period. However, Michael Bouhanna is expected to participate in the Binance Blockchain Week in Dubai at the end of the month, so there may still be speculation surrounding this topic until then.

The globally popular banana, eaten twice during exhibitions

The artwork named "Comedian" was created by Italian artist Maurizio Cattelan, consisting only of a banana taped to a wall. In 2019, the artwork was publicly eaten during an exhibition in Miami, and in 2023, it was once again eaten by a university student during an exhibition in Seoul. Both incidents were considered performance art by those involved.

Recently, Sotheby's has put the artwork back on the market, with Michael Bouhanna stating on Twitter that its value has skyrocketed from $120,000 five years ago to between one to one and a half million dollars, approximately 32 to 48 million New Taiwan Dollars.

Sotheby's Vice President Attends Binance Blockchain Week – Can Related Topics Continue to Generate Buzz?

Although the post has been deleted, Michael Bouhanna's address has been widely circulated. This coincides with the creator of the Ban token as well.

The token was created on the 25th, coinciding with the re-listing of Comedian at Sotheby's. Additionally, Michael Bouhanna is set to participate in Binance Blockchain Week at the end of the month, taking the stage on the 30th with the theme "When Culture Meets Web3," alongside teams from Sandbox, Doodles, and Memeland. Therefore, the author believes there may be room for speculation on related topics.

Furthermore, observing Michael Bouhanna's address, it can be seen that many imitative tokens have been sent to Michael Bouhanna. Among them, the most popular Banana Tape WallBTW even sent 35% to Michael Bouhanna. Another token, Dmitri CherniakRingers, has already been heavily distributed.