Sotheby's Vice President Michael Bouhanna said in a post that there are many misunderstandings and false claims circulating about the issuance of a meme coin called BAN. I want to clarify what happened and set the record straight. Nine days ago, I issued a token called BAN on the Pump. Fun platform. It was a spontaneous project and a personal hobby, completely unrelated to my position at Sotheby's. (Sotheby's has no connection with the token.) I didn't promote BAN, nor did I encourage anyone to buy it. Initially, I chose to issue the token anonymously and didn't want to associate it with my profile or professional connections. When I created BAN, I shared the link with a small group of friends with whom I regularly exchanged NFTs and memecoin projects, again without suggesting they buy it, as I never expected this token from an anonymous wallet to attract any attention. That's why there is some wallet connection between this group and the creator's wallet. Recently, a tweet implied that I made $1 million, which is completely false. The wallet in question doesn't belong to me, much of which is 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.