According to Lookonchain, Sotheby's vice-president Michael Bouhanna bought a lot of Meme coins, but made little profit. He then launched a Meme coin called BAN using his wallet "5W7U... b3cV", which earned more than $1 million on BAN with just one internal wallet. Bouhanna has publicly commented that "5W7U... b3cV" is his address (the post has been deleted), which is the deployer of BAN, and that "5W7U... b3cV" is funded by "EwVB... mD2", which trades a lot of Meme coins but makes little profit. Although Bouhanna was pressured to destroy all 37.36 million BANs in his wallet, the analysis found that he used his internal wallet to purchase BANs and earned more than $1 million.