Sotheby's Vice President Michael Bouhanna stated on platform X: "Nine days ago, I launched a token called BAN on the Pump.Fun platform. This is a spontaneous project, a personal hobby, completely unrelated to my position at Sotheby's. I did not expect it to gain such high attention; its rapid growth is unexpected and entirely driven by the community, without any intervention from me." Bouhanna further stated: "Recently, there was a post saying I made 1 million dollars, which is not true; the relevant wallet does not belong to me. I (nine days ago) destroyed 3.7% of the token supply in the dev wallet."