A trader achieved a remarkable 120x return within just 30 minutes after investing in VOID, a new memecoin launched by Sotheby’s executive Michael Bouhanna. On December 4, Bouhanna announced the memecoin on his X account. Shortly after, a trader spent approximately $8,200 to buy 462 million VOID tokens, making up 44% of the total supply. Within half an hour of the purchase, the trader sold 439 million tokens for over $1 million. Bouhanna's first memecoin, Comedian (BAN), faced controversy due to allegations of insider trading, which he denied, insisting that the wallet in question did not belong to him and the claims were exaggerated. Despite previous criticisms, Bouhanna maintains that his memecoin projects are personal interests not linked to Sotheby’s operations. The crypto community expressed mixed feelings about Bouhanna’s ventures, questioning the implications of his roles in both the auction house and the memecoin market.

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