How A $6.2M Banana Artwork Became Justin Sun’s Snack Of The Year

Boluwatife Adeyemi
November 29, 2024
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How A $6.2M Banana Artwork Became Justin Sun's Snack Of The Year

Highlights

  • Justin Sun has eaten the banana which formed part of the 'Comedian' artwork he bought for $6.2 million.
  • Sun described the artwork as more than just an artwork but one that bridges art and the crypto community.
  • TRON's price is up 2% amid Justin Sun's move.

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.

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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.

The ‘Comedian’ artwork

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.

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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.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several niches. His speed and alacrity in covering breaking updates are second to none. He has a knack for simplifying the most technical concepts and making them easy for crypto newbies to understand. Boluwatife is also a lawyer, who holds a law degree from the University of Ibadan. He also holds a certification in Digital Marketing. Away from writing, he is an avid basketball lover, a traveler, and a part-time degen.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.