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Home » When Memecoins Meet Art Sothebys VP Leads the Charge BANs Market Cap Nears 100 Million
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When Memecoins Meet Art Sothebys VP Leads the Charge BANs Market Cap Nears 100 Million

Oct. 28, 2024No Comments2 Mins Read
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When Memecoins Meet Art Sothebys VP Leads the Charge BANs Market Cap Nears 100 Million
When Memecoins Meet Art Sothebys VP Leads the Charge BANs Market Cap Nears 100 Million
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Five years ago, a banana “stuck to the wall with duct tape” went viral around the world. In fact, this was an artwork titled Comedian, which was sold for $120,000 in 2019. On the 25th of this month, Sotheby’s Vice President Michael Bouhanna was found to have created a token named Comedian (BAN) at his personal address, and this news spread rapidly on Twitter, with the token’s market value reaching as high as $100 million. However, after Michael Bouhanna deleted the post containing the public address, the token plummeted by 80% in a short period. Nonetheless, Michael Bouhanna is set to participate in Binance Blockchain Week in Dubai at the end of the month, suggesting that there may still be room for speculation on this topic before then.

The globally popular banana was consumed twice during exhibitions

The artwork titled Comedian was created by Italian artist Maurizio Cattelan and consists solely of duct tape and a banana. During its exhibition in Miami in 2019, it was publicly eaten, and it was consumed a second time by a university student during its exhibition in Seoul in 2023. Both individuals indicated that this act was a form of performance art. Recently, Sotheby’s has also re-listed the artwork, with Michael Bouhanna stating on Twitter that its valuation is expected to soar from the original $120,000 five years ago to between $1 million and $1.5 million (approximately NT$32 million to NT$48 million).

Can the related topics continue to generate speculation with Sotheby’s Vice President attending Binance Blockchain Week?

Although the post has been deleted, Michael Bouhanna’s address has been widely circulated. The identity of the creator of the BAN token aligns with this.


The token was created on the 25th, coinciding with the re-listing of Comedian at Sotheby’s. Furthermore, with Michael Bouhanna set to participate in Binance Blockchain Week at the end of the month, he will take the stage on the 30th to discuss “When Culture Meets Web3” alongside teams from Sandbox, Doodles, and Memeland. Therefore, it is believed that there may be room for speculation on related topics. Additionally, an observation of Michael Bouhanna’s address reveals that many clones have sent tokens to him, with the most popular, Banana Tape Wall (BTW), sending as much as 35% to Michael Bouhanna. Another token, Dmitri Cherniak (Ringers), has already been heavily circulated.

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