TechFlow News — On November 4, Michael Bouhanna, Vice President at Sotheby's, posted on X to clarify widespread misunderstandings and false claims regarding a meme coin named BAN. He stated: "There are many misconceptions circulating about the launch of a meme coin called BAN, and I’d like to clarify what actually happened. Nine days ago, I launched a token named BAN on the Pump.Fun platform. This was a personal, independent project done purely as a hobby, with no connection whatsoever to my position at Sotheby’s. I did not anticipate it would receive such significant attention. Its rapid growth has been entirely community-driven and occurred without any intervention from me."
Bouhanna further clarified: "A recent post claimed I made $1 million — this is untrue, and the wallet in question does not belong to me. I (nine days ago) burned 3.7% of the token supply from the dev wallet."
