Michael Bouhanna and the $Ban meme coin.
Here’s a quick breakdown:
1. Initial Losses: Michael Bouhanna bought multiple meme coins but didn’t see profits.
2. Creation of $Ban: He launched $Ban using his wallet "5W7U...b3cV" and reportedly made over $1M from it, despite earlier losses.
3. Funding Source: The wallet "5W7U...b3cV" was funded by another wallet "EwVB...mD2," which also traded many meme coins unsuccessfully.
4. Burning Tokens: Although Bouhanna burned 37.36M $Ban from his wallet, he managed to profit by using an insider wallet to buy $Ban.
5. Profit Details: Another wallet, "3wj7...yBoG," linked to him, purchased 36.27M $Ban for a small investment and later sold part of it for substantial profit, leading to total earnings exceeding $1M.