Sun Yuchen actually understands popularity. He spent 6.2 million not to buy bananas and art, but to buy the buzz that he can utilize. This time, purchasing bananas and eating them became the headline news both inside and outside the circle, making even those who don’t engage with blockchain aware of Sun Yuchen.
Sun Yuchen recently attracted widespread attention for publicly eating a banana art piece worth 6.2 million dollars during a live media conference in Hong Kong titled 'The Most Expensive Banana' (Comedian). This banana art piece was created by Italian artist Maurizio Cattelan and was previously purchased by Sun Yuchen at Sotheby's auction for 6.2 million dollars.
The relationship between this banana and the BAN coin primarily lies in a public purchasing action. Sun Yuchen successfully bid 6.2 million for the iconic art piece by artist Maurizio Cattelan (Comedian), which is 'a banana taped to the wall'. This action sparked widespread attention in the cryptocurrency market, especially for the Meme coin BAN, which shares the same name as this art piece.
Before Sun Yuchen announced the news of buying bananas, the price of BAN had seen a surge, possibly due to market expectations that Sun Yuchen's purchasing behavior would have a positive impact on BAN. However, shortly after he officially announced the acquisition of the art piece, the price of BAN actually fell sharply, dropping by 31.87% in 24 hours. This price fluctuation may reflect a shift in market sentiment from initial optimism to concerns about BAN's long-term value.
This is my grandson's cut, right?