Analysis: Sotheby’s VP allegedly made over $1 million in profits on BAN through internal wallet

According to Lookonchain, Michael Bouhanna, vice president of Sotheby's, bought many Meme coins but made almost no profit. After that, he used his wallet "5W7U...b3cV" to launch a Meme coin called BAN, and made more than $1 million on BAN with just one internal wallet. Bouhanna once publicly commented that "5W7U...b3cV" was his address (the post has been deleted by him), which was the deployer of BAN, and the funds of "5W7U...b3cV" came from "EwVB...mD2", who traded a lot of Meme coins but made almost no profit. Although Bouhanna has destroyed all 37.36 million BAN in his wallet under pressure, analysis found that he bought BAN with an internal wallet and made more than $1 million in profit. "3wj7...yBoG" also received funds from "EwVB...mD2", who may belong to Bouhanna. In total, he bought 36.27 million BAN for only 10.2 SOL ($1,795), and sold 18.13 million of them for $137,600, leaving him with 18.13 million BAN (worth $900,000).