Sotheby’s vice president may have used an internal wallet to buy BAN and made more than $1 million in profit, after trading various Meme tokens for little profit

BlockBeats reported that on October 27, according to Lookonchain, Michael Bouhanna, vice president of Sotheby’s, had purchased a variety of Meme tokens, but made little profit, so he used his wallet address “5W7U” to launch a Meme token called BAN, earning more than $1 million on BAN with just one internal wallet.

Michael Bouhanna once publicly commented that “5W7U” was his address (the post has been deleted by him). At the same time, “5W7U” is also the deployer of BAN. The funds of “5W7U” come from “EwVB”. “EwVB” traded more than 10 Meme tokens on October 22 alone. Although he burned 37.36 million BAN in his wallet under pressure, it was still found that he used internal wallets to make purchases and made a profit of more than $1 million.

The address "3wj7" previously disclosed by Lookonchain that "turned $1,795 into $929,000 through the Meme token BAN, with a return rate of 490 times" was also funded by "EwVB". It was verified that it belongs to the associated wallet of Michael Bouhanna, vice president of Sotheby's.