Sotheby's VP: No promotion of BAN, Sotheby's has nothing to do with the token
On November 4, Sotheby's Vice President Michael Bouhanna posted that there were many misconceptions and false claims circulating about the issuance of a meme coin called BAN, and I would like to clarify what happened and set the record straight.9 A few days ago, I issued a token called BAN on the Pump. Fun platform as a self-initiated project and personal hobby, and it had absolutely nothing to do with my position at Sotheby's. (Sotheby's is not affiliated with the token in any way.) I am not promoting BAN or encouraging anyone to buy it. Initially, I chose to issue the token anonymously, not wanting to associate it with my profile or professional relationships. When I created BAN, I shared the link with a small group of friends with whom I regularly trade NFT and memecoin projects, again without suggesting that they buy it, because I never thought that this token from an anonymous wallet would attract any attention. This is why there is some wallet connection between this group and the creator's wallet. A recent tweet implied that I made $1 million dollars, which is completely false. The wallets in question do not belong to me, and most of them are unrealized value. What is also publicly visible on the chain is that I destroyed 3.7% of the supply I held in the creator's wallet.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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