How A $6.2M Banana Artwork Became Justin Sun’s Snack Of The Year
Last week, Justin Sun made headlines when he bought the iconic banana artwork ‘ Comedia’ for $6.2 million. Back then, the crypto founder revealed that he would eat the banana taped to the wall in the coming days, and Sun truly lived up to his word today as he downed the banana.
Justin Sun Snacks On $6.2 Million Banana Artwork
The TRON Founder has snacked on the $6.2 million banana ‘Comedian’ artwork, which he bought at a Sotheby’s auction in New York on November 21. The Comedian artwork features a banana taped to a world, in what has become the most expensive snack following Justin Sun’s move.
In his X post, in which he revealed the purchase of Maurizio Cattelan’s artwork, Sun said that The Comedian is more than just an artwork. He says it represents a “cultural phenomenon that bridges the worlds of art, memes, and the cryptocurrency community.”
The crypto mogul added that he believes the piece will inspire more thought and discussion in the future and become a part of history. Meanwhile, while revealing that he was going to eat the banana in the coming days, he explained that he would do so as part of this “unique artistic experience, honoring its place in both art history and popular culture.”
This development comes amid a recent CoinGape report that the TRON founder had invested $30 million in Donald Trump’s World Liberty Financial. Sun will also join the DeFi project as an advisor.
How Prices Reacted To This Development
Amid Justin Sun’s move, the TRON price surged by 2% and is currently trading at around $0.2. However, trading volume is down in the last 24 hours, with $610 million traded during this period.
It is worth mentioning that the algorithmic stablecoin USDD, which Justin Sun has ties to, teased a big reveal of USDD v.20 while using the banana image to make the announcement. Many in the crypto community had suggested that the TRON founder’s recent move might have been a PR stunt to draw attention to his projects, which might have been the case following USDD’s announcement.
Meanwhile, the Solana meme coin Comedian (BAN) looks to have been one of the beneficiaries of this supposed PR stunt, as the coin is up over 14% in the last 24 hours. The meme coin is inspired by the Comdian artwork and boasts a market cap of $140 million.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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