Comedian

ban
Rank #332•Meme, Solana Ecosystem, Community
CoinYQ Dossier

BAN borrowed an auction’s anticipation, not the artwork’s title

The token’s decisive event happened before the famous sale. Michael Bouhanna, then Sotheby’s head of digital art, later said he personally minted BAN on 25 October 2024, wrote that Cattelan’s banana was heading to Sotheby’s, and let the market trade the reference. Twenty-six days later the artwork sold; the token acquired publicity, not provenance.

The mint address removes a crowded naming ambiguity

This dossier means only Solana mint 9PR7nCP9DpcUotnDPVLUBUZKu5WAYkwrCUx9wDnSpump: Comedian, onchain symbol Ban, six decimals. “BAN” and “Comedian” appear on unrelated assets and in ordinary language, so logos, tickers and shortened addresses are insufficient.

Pump attributes creation to wallet 5W7UZNQk6oCFbNdPowRJZpByErqzifQFVNVtN4uKb3cV at 14:04:18 UTC on 25 October 2024. The curve completed, and by 14:59:53 the Raydium pool DmAsjXoceoL5vTKZbYpTpXPo7MKm16FMfNMm3PJFiUha existed. That sequence is the verifiable launch; Bouhanna later identified himself as the launcher; the current site and community operators are not legally identified.

The retained CoinGecko snapshot of August 24, 2026 records 999,961,859.27 BAN. The September 5, 2026 chain reading records 962,422,109.67473 BAN. These are not simultaneous measurements, so their difference alone does not establish an error or conflicting reports for the same date. No verified allocation schedule identifying recipients was found in the reviewed material; neither quantity establishes how tokens were allocated.

An immutable typo preserves the launch moment

Metaplex account 35LUDPV27x9wBgvD5qC2quBaUreGPQp5acGMt7YUzCoE points to immutable IPFS content QmdQb1U6dmKSL5os8LmFwh9hDQ7TcmDathFp1C3SdwgPzj. It names the token Comedian and symbol Ban, describes “the most significant meme” by “Mauricio Cattelan,” and notes the November 20 Sotheby’s auction.

The misspelling is useful evidence. The artist is Maurizio Cattelan. The metadata is a creator-written promotional sentence, not text supplied by Cattelan or Sotheby’s. Its isMutable flag is false, so this launch-era wording cannot now be cleaned up by the update authority.

Immutable does not mean licensed or true. It only means the metadata account no longer accepts an ordinary update. The image, name and claim remain a permanent record of what the launcher chose to reference.

The artwork and token diverge at the certificate

Sotheby’s identifies Comedian as Cattelan’s 2019 conceptual work: a banana fixed to a wall with duct tape according to installation instructions. On 20 November 2024, it sold for $6.2 million to Justin Sun.

The auction transferred the artwork/certificate described by Sotheby’s. BAN had already existed for 26 days, and no Sotheby’s page names the mint. No located artist or buyer statement authorizes the token or assigns the certificate, copyright, sale proceeds or future exhibition rights to holders.

That separation is the central right boundary. A BAN balance is fungible SPL inventory. It does not redeem for a banana, a certificate fragment, cash from the auction, royalties, admission or a vote over the artwork.

Revoked authorities narrow control without creating governance

The Solana mint account reports null mint authority and null freeze authority. No privileged signer can use the ordinary SPL MintTo or FreezeAccount paths. Any holder can still burn its own balance, so the live total may decline.

The immutable metadata closes its ordinary update path too. Yet decentralization does not follow automatically: the community site, X and Telegram accounts, store, games, listings and liquidity can be changed or abandoned by whoever controls each surface.

The reviewed materials did not identify a legal entity or governance contract binding those operators to BAN holders. The project site’s “ecosystem” and “BUIDL” language describes aspirations, not an enforceable roadmap, treasury vote or revenue right.

Graduated liquidity offers an exit, never a promise

The Pump curve’s completion routed the main market into Raydium pool DmAsjXoceoL5vTKZbYpTpXPo7MKm16FMfNMm3PJFiUha. During review, DexScreener quoted roughly $2.85 million of liquidity and about 20.9 million BAN on the pool’s BAN side.

That snapshot shows a usable trading route at that moment. It does not prove who owns every liquidity position, that liquidity is locked, or that a future sale of any size will clear near the displayed price. There is no issuer redemption floor.

A named launcher still does not become an artwork licensor

BAN’s biography therefore ends where its artwork metaphor began: market participants can collectively price a cultural reference. They cannot make that collective price into authorship, license or collateral merely by repeating the story.

Bouhanna’s admission resolves who launched the token and his disclaimer separates that act from Sotheby’s. It does not show authority from Cattelan, assign the artwork certificate, or bind the current community operators to holders.

The current site introduces another provenance warning: it says the 2019 $120,000 sale occurred at Sotheby’s, although that initial sale was through Perrotin at Art Basel Miami Beach and Sotheby’s auctioned an edition in 2024. It also describes an app and store while the linked community page says Coming soon. Marketing chronology is not artwork documentation or delivered token utility.

How the project changed

  1. 2019-12
    Comedian debuts

    Cattelan’s duct-taped banana becomes a viral conceptual artwork at Art Basel Miami Beach.

  2. 2024-10-25
    BAN is created

    The Pump wallet writes auction-focused metadata and launches the bonding curve.

  3. 2024-10-25
    BAN graduates to Raydium

    The completed curve opens the main BAN/SOL pool less than an hour after creation.

  4. 2024-11-03
    Bouhanna acknowledges the launch

    He calls BAN a personal hobby unrelated to his Sotheby’s position; disputed trading allegations remain unresolved.

  5. 2024-11-20
    The artwork sells

    Sotheby’s sells Comedian to Justin Sun for $6.2 million, without referencing BAN.

Evidence and primary sources

Last evidence review: 2026-09-05

What is Comedian?

Comedian (BAN) is the six-decimal Solana meme token at 9PR7nCP9DpcUotnDPVLUBUZKu5WAYkwrCUx9wDnSpump. Pump records its creation on 25 October 2024 and graduation to Raydium pool DmAsjXoceoL5vTKZbYpTpXPo7MKm16FMfNMm3PJFiUha. Live supply was 962,422,109.67473 on 5 September 2026.

The mint and freeze authorities are null, and the Metaplex metadata is immutable. Those facts close the ordinary issuance, freezing and metadata-update paths. They do not create a company, treasury, artwork license, redemption promise or guaranteed trading liquidity.

What problem does Comedian solve?

BAN converts a reference into a price without converting the referenced work into collateral. Its creator metadata names Comedian, misspells Maurizio Cattelan, and advertises Sotheby’s November 20 auction. Sotheby’s records the real artwork and sale, but never links that lot, certificate or artist to the token.

The community website later built a cultural narrative around the coincidence. The reviewed site did not identify a legal operator or provide terms defining ownership, revenue, voting, utility or support duties. Buyers acquire transferable BAN, not a fraction of a $6.2 million artwork.

How does Comedian work?

Pump created the legacy SPL mint and bonding curve; after the curve completed, trading moved to the Raydium BAN/SOL pool. Standard holders can transfer and burn their own tokens. With mint authority revoked, supply cannot grow through that mint; burns explain why supply can shrink.

Pool reserves set an executable market price, not a redemption value. Metadata cannot now be edited, but websites, social accounts, app claims and liquidity positions remain offchain or separately controlled. No mechanism for token holders to select those operators was located in the reviewed materials.

Key facts

  • Exact asset: Comedian/Ban on Solana, mint 9PR7nCP9DpcUotnDPVLUBUZKu5WAYkwrCUx9wDnSpump; six decimals; legacy Token Program.
  • Live supply on 2026-09-05: 962,422,109.67473 BAN.
  • Mint authority and freeze authority are both null; no privileged SPL path can create more units or freeze accounts.
  • Metaplex metadata account 35LUDPV27x9wBgvD5qC2quBaUreGPQp5acGMt7YUzCoE is immutable and points to IPFS CID QmdQb1U6dmKSL5os8LmFwh9hDQ7TcmDathFp1C3SdwgPzj.
  • Pump records creator wallet 5W7UZNQk6oCFbNdPowRJZpByErqzifQFVNVtN4uKb3cV and creation on 2024-10-25 at 14:04:18 UTC.
  • The token graduated later that day to Raydium BAN/SOL pool DmAsjXoceoL5vTKZbYpTpXPo7MKm16FMfNMm3PJFiUha.
  • Creator metadata uses “Mauricio Cattelan,” while the artist’s actual name is Maurizio Cattelan.
  • The metadata referred to the Sotheby’s November 20 auction before the artwork sold; the artwork later sold for $6.2 million to Justin Sun.
  • No artist, auction-house or buyer source establishes authorization, endorsement, license or affiliation with BAN.
  • BAN conveys no documented title, certificate share, copyright, revenue or redemption right in the artwork.
  • Michael Bouhanna, then Sotheby’s digital-art head, said on 2024-11-03 that he personally launched BAN and that it was unrelated to his Sotheby’s role.
  • The creation transaction minted 1 billion BAN; the creator bought 34,612,903.225806 and another wallet bought 76,773,952.634482 in the same second.
  • The retained CoinGecko snapshot of August 24, 2026 records 999,961,859.27 BAN; the September 5, 2026 chain reading records 962,422,109.67473 BAN. Different observation dates mean this difference alone does not establish a provider error.
  • The main pool showed about $2.85 million; 99.9869% of original LP supply was removed, but 0.530044103 LP remained, so a complete permanent LP burn is unproven.
  • A Gate.io-tagged custody account held about 49.95%; this is address concentration, not proof that one beneficial owner owns every unit.

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Frequently asked questions

Is BAN an ownership token for Maurizio Cattelan’s Comedian?

No. No reviewed contract or artwork source assigns title, certificate rights, copyright, revenue or redemption to BAN holders.

Did Cattelan or Sotheby’s launch BAN?

No reviewed source establishes that. Michael Bouhanna said he created it as a personal hobby, unrelated to his Sotheby’s role, and the launch wallet supplied metadata referencing the artist and upcoming auction.

What is the correct BAN mint?

9PR7nCP9DpcUotnDPVLUBUZKu5WAYkwrCUx9wDnSpump on Solana. Verify all characters because the name and ticker are not unique.

Can the creator mint more or freeze a holder?

The live SPL mint has null mint and freeze authorities. Standard minting and freezing through those authorities are disabled.

Can metadata change?

The Metaplex metadata account has isMutable=false. Project websites and social claims can still change independently.

Why is live supply below CoinGecko’s figure?

These are observations from different dates: 999,961,859.27 BAN in the retained CoinGecko snapshot of August 24, 2026 and 962,422,109.67473 BAN on-chain on September 5, 2026. Minting is disabled and holders can burn tokens, but the reviewed material did not establish a complete reconciliation of the change. The difference alone does not prove a provider error.

Does BAN have governance or yield?

No located contract or terms document staking, fee share, revenue, governance or redemption. Website apps and games do not themselves create token rights.

Is Raydium liquidity guaranteed?

No. The pool is a market venue. Its reserves, LP ownership, depth and executable price can change.

External trackers

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