Comedian (BAN) is a Solana-based meme coin inspired by Maurizio Catellan’s artwork (“Comedian”) of a banana duct-taped to a wall.

On Nov 18, 2024, Solana-based meme coin Comedian (BAN) stole the spotlight, surging by over 82% following a major listing announcement by top crypto exchanges Bybit and Binance. The surprise listing for Bybit Spot and Binance Futures trading drove hype around the BAN token, driving its price up within a 24-hour period. Although the token’s price has dropped since then, many remain bullish about this meme coin and believe it could replicate the success of many other top 

Let's learn more about BAN, and how it's blending artistic irony with crypto satire.

Comedian (BAN) is a Solana-based meme coin that draws its inspiration from visual artist Maurizio Catellan’s trending artwork (“Comedian”) of a banana duct-taped to a wall.

The token is designed to reflect a unique integration of satire and irony in the art and crypto worlds. There were three versions of this banana-themed art, selling on Sotheby in 2019 for between $120,000 and $150,000. Since then, the artwork’s value has risen to $6.2 million, making it one of the “most expensive fruits in history.” This led to the birth of Comedian (BAN), which fuses the satire of a simple banana with the viral nature of meme coins.

BAN seeks to leverage the social trends surrounding meme coins by merging humor and the internet culture around memes. The project not only invites its community to invest, but also to question the humor, hype and often absurd nature of meme coins and, at times, art. Its mission is to continue the hype around the Italian artist’s trending banana.

 to leverage the platform’s fast speeds, scalability, security and low fees. The Solana ecosystem has seen a recent surge in meme coins, which have continued to rake in millions in market capitalization and trading volume due to hype and a zealous meme culture.

In a surprise move, on Nov 18, 2024, Binance announced that it would be listing BAN for futures trading on its platform. Thereafter, Bybit also disclosed it would open Spot trading for Comedian (BAN). These two announcements from top-tier exchanges have driven hype for this meme coin, with some hoping that it will surge similarly to 

 (PNUT), another Solana meme coin that’s recently gone viral.

BAN experienced a remarkable rally just a day after the listing announcements, and its price skyrocketed to an all-time high (ATH) of $0.378. However, this was swiftly followed by a descent to below $0.15 just a week later. At the time of this writing (Nov 25, 2024), BAN is priced at $0.1255, with a market cap of $125.46 million.

BAN's stark price drop highlights the significant risk involved in investing in meme coins. They’re highly volatile and prone to short-term wild price swings. We strongly advise exercising caution as you trade BAN or any other meme coins.

You can buy BAN on Bybit’s Spot trading platform (

). To celebrate this listing, Bybit is holding two 

, running from Nov 19, 2024, 8AM UTC through Dec 26, 2024, 6AM UTC.

Comedian (BAN) has experienced significant interest from investors, primarily due to its Binance Futures market debut and Bybit Spot listing. As a meme coin, BAN could continue the viral nature of Cattelan’s “banana art,” which melds art and crypto through humor and satire. BAN is one token to watch as it unfolds in the wild space of crypto — especially within the meme coin niche.

Beginner

ban comedian token.png

Comedian (BAN): Where Crypto Satire Meets Art Irony

In this tutorial, we’ll explore how you can participate in the Sui Wonderland NAVI Staking Campaign!

Bybit Web3 is holding an exclusive Sui Wonderland NAVI Staking Campaign from Nov 25, 2024 through Dec 25, 2024! Follow our detailed guide below to find out how you can participate in the campaign and earn rewards.

How to Participate in Sui Wonderland NAVI Staking Campaign

Create or Import a Bybit Web3 Seed Phrase Wallet

 icon in the extension bar of your Chrome browser. 

A pop-up window will appear. Then, click on 

Follow the instructions to set your device password. Then, agree to 

 be sent to the server. Ensure that you remember it, as 

You may choose to set the newly created Bybit Web3 Seed Phrase Wallet as your default wallet. Then, click on 

Import an Existing Bybit Web3 Seed Phrase Wallet

 icon in the extension bar of your Chrome browser, and click on 

Import Existing Bybit Web3 Seed Phrase Wallet

: Enter your device password and click on 

: Enter or paste your seed phrases (you may choose the number of seed phrases by clicking the drop-down menu below 

: If you’ve created multiple addresses before, the 

 function will only restore wallet addresses that have assets associated with them.

 and scroll down to view the three pools available for staking. 

: You’ll then be redirected to the individual pool page. Input the amount you wish to deposit, and click on 

: Please remember to ensure that you have sufficient SUI in your wallet for gas fees.

Congratulations! You’ve successfully staked your assets in a pool under the Sui Wonderland NAVI Staking Campaign!

To view your current investments and rewards, navigate back to the 

 Only funds staked on Bybit Web3 Earn through the Bybit Web3 Seed Phrase Wallet after the event starts will be eligible to receive rewards. Please maintain your positions on Bybit Web3 to be eligible for reward calculation.

The Sui Wonderland NAVI Staking Campaign is a great opportunity for you to earn bonus rewards on your SUI, vSUI and USDC. Create your Bybit Web3 Seed Phrase Wallet and participate today!

navi staking campaign.png

In this tutorial, we’ll explore how you can complete a series of tasks in LumiWave for Sui Wonderland 2024.

In this tutorial, we’ll explore how you can complete a series of tasks in 

: Look for LumiWave’s Bybit Web3 Sui Wonderland 2024 campaign post on X.

and add your comments to complete this task.

button at the top right corner of the page. 

: Select your preferred social login option (

: Follow the instructions to complete your registration.

Ensure that you create a written record of it and remember it

, as losing this password will make your wallet 

and follow the instructions to connect successfully. Please note that you’ll need to disconnect your Sui wallet first in order to enable the 

lumiwave tutorial.png

How to Complete LumiWave Tasks for Sui Wonderland 2024

In this tutorial, we’ll explore how you can complete a series of tasks in Suilend for the Bybit x Sui Ecosystem Airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks in DeepBook for Sui Wonderland 2024. 

: Download and install the Bybit Wallet extension.

: Fund your wallet with DEEP tokens. If you don’t have DEEP tokens, you may purchase them on Bybit and transfer them to your Bybit Wallet.

button on the top right corner of the page.

: Select your wallet from the list and approve the connection in your wallet. 

: Once your wallet has been connected, scroll down and click on the 

 token in the list of supported assets. 

: Deposit at least $100 worth of DEEP assets, and click on 

deepbook tutorial.png

How to Complete DeepBook Tasks for Sui Wonderland 2024

Bybit Learn

Crypto

In crypto, it is important to be wary of scams that you could fell prey to. In this article, we shed light on some of the most well-known ones and how to avoid them.

Cryptocurrency has revolutionized the way we perceive and interact with money, but with great innovation comes great responsibility. The digital landscape is riddled with scams and fraudsters eager to prey on unsuspecting investors. Protecting your hard-earned digital assets requires vigilance, research, and secure practices. In this post, we will explore the various types of crypto scams, offer essential tips on how to avoid crypto scams and provide guidance on reporting and recovering from scams.

Crypto scams come in various forms, each meticulously designed to part you from your digital assets. The tactics employed by crypto scammers are as diverse as they are dangerous. It’s important to stay vigilant and educate yourself about these scams to protect your assets.

Understanding how these scams operate and learning to recognize red flags are key steps toward safeguarding your assets.

One easily identifiable scam is fake cryptocurrency projects. These projects usually identify themselves as alternative options to more significant cryptocurrencies. For example, a cryptocurrency may claim to be an upcoming fork of an established cryptocurrency, such as 

 (ETH), or simply a new cryptocurrency from the parent company of Ethereum. They lure you into getting interested in it since crypto, such as Ethereum is booming, but at the same time, it might be a little late to invest in ETH for large profits. 

Many people are not aware of how cryptocurrencies even work. But they’re willing to invest due to “fear of missing out” (FOMO). Once the people behind this bogus cryptocurrency feel they have taken enough money, they can transfer all the crypto investments into their bank accounts and quickly shut down the fraudulent project, leaving the “investors” without their assets.

, a fake cryptocurrency that saw $6 million stolen from investors who believed it was real.

Another common crypto scam is bogus exchanges. These fake exchanges build a reputation among cryptocurrency communities by claiming they’re legit, as well as offering seemingly lucrative staking yields and airdrops than legitimate exchanges. Shortly after investors buy in, they can never get a hold of these coins. Instead, these fake exchanges often went missing and remained uncontactable.

For example, BitKRX convinced many people that they were one of the biggest cryptocurrency exchanges of the decade, resulting in the large-scale theft of people’s money. The scammer of the exchange was then reprimanded by the local government authorities in South Korea in 2017.

Pump-and-Dump schemes originate in the stock market. The main idea behind a pump-and-dump is that an asset is predicted to have a future increase in its price so that people will invest at a lower price. This automatically drives the product's price to increase as demand starts exceeding supply. Once the individual/group behind the pump-and-dump scheme makes enough money, they “dump” the project. 

Inspired by significant cryptocurrencies such as 

 (BTC), investors attempt to hype up and promote fake plans about a cryptocurrency to more buy-in from the public. As a result, people begin investing in that cryptocurrency, believing that its prices will surge based on seemingly strong fundamentals. However, once they realize the “innovative” plans were a hoax, the cryptocurrency is dumped, resulting in substantial financial losses for everyone involved — except the con artist behind the scheme.

Visual representation of pump-and-dump. Source: 

When trading crypto on exchanges that offer peer-to-peer (P2P) trading services, be aware that P2P scams can occur if the seller attempts to skirt the exchange’s escrow system by making an external transaction with the buyer. After the seller receives the buyer’s payment, the scammer pretends the transaction didn’t go through and refuses to keep their end of the bargain.

App fraud involves malicious apps that steal funds or personal information from unsuspecting users. Scammers may create fake crypto trading apps or exploit popular platforms to deceive victims. Fake apps are often swiftly detected and removed from official app stores; however, thousands may have already fallen prey to their schemes.

These apps are usually based on existing apps, and only a letter may differ in the name so that people get tricked into thinking they’re genuine. Once these apps are downloaded, they can introduce malware to your device or steal your data once you enter your private information. Exercising caution when downloading apps, assessing reviews, and verifying the legitimacy of the app’s developer can help prevent you from falling victim to these scams.

The idea behind a Ponzi scheme is that a fundraiser finds two investors and lures them into giving him money so that they can “double” their investment. To do so, the con artist finds another four investors who, in turn, provide the same amount of money, allowing the scammer to “make good” on his promise to the first two investors. And to return the money to all four investors, the con artist scams another eight people, then another sixteen, and so on. 

The implication is that the person behind the Ponzi scheme does not actually invest the money he collected from investors but rather steals it using the money of subsequent investors to pay back each round of investors. For example, 

 was one of the biggest Ponzi schemes in the crypto world, in which three people managed to run a scheme worth more than $700 million. Thankfully, the men involved were caught and arrested by government officials. However, the investors involved never got their investments.

Most cryptocurrencies raise their funds for developing their projects through an initial coin offering (ICO). ICOs can be private or public, depending on the team behind the project. With ICOs, the price of tokens or coins is lower than anticipated once it is released into the crypto market. Hence, investors use this opportunity to buy a lot of coins through the ICO while the funds for the project are raised. 

However, once these ICOs have been held, the people behind the project can shut down and keep the money for themselves. This is known as an exit scam. Since the main idea of cryptocurrencies is anonymity, it can be hard to trace the scammers behind the ICO. This makes exit scams one of the most dangerous online.

 to make these services possible. Everyday use of DeFi is 

. Like staking, yield farming enables you to lend some of the coins you own to earn more coins through interest rates. 

However, since anyone can launch their own DeFi project, DeFi scams can also be created. These projects seem to offer you higher interest rates if you lend out your money — but the person behind the project never returns your coins. Another classic scam in the DeFi space is rug pull involving a project creator to suddenly withdraws all the funds invested by users.

All of these scams are carried out through the manipulation of the smart contract code or through the hidden mechanisms that allow them to drain liquidity. This leaves investors with worthless tokens or completely empty wallets.

Phishing means sending fraudulent emails to people to induce them to give out personal information such as telephone numbers, social security numbers, and crypto account numbers.

For instance, scammers would claim to be from the legitimate company that manufactures Ledger wallets and send you an email claiming that there are some issues with your assets, and the only way to resolve these issues is by telling these folks your Seed Phrase and password. While most people might not fall for these scams, some still do, resulting in significant financial losses for them.

Authorized Push Payment (APP) scams occur when a fraudster tricks a victim into initiating a cryptocurrency transaction to an account controlled by the fraudster. This type of fraud is particularly prevalent in the cryptocurrency space due to the anonymity and irreversibility of cryptocurrency transactions. 

For example, scammers could promise to offer investment opportunities that are too good to be true with a well-prepared proposal to trick users into a partnership. It is usually carried out when scammers offer subscription-based services or trading signal services with proven insider information for a crypto price movement or price prediction for the next bull runs. They then manipulate the trading charts by placing their own trades to fabricate the results, creating an illusion of a success prediction.

One of the most common crypto scams in 2023 involves fake crypto job listings, even on legitimate websites like LinkedIn. Scammers target individuals seeking employment in the crypto industry by taking advantage of job seekers' desire to work in this rapidly growing field. They sell their personal data, deceiving them into paying agent fees and such by delivering empty promises.

Many fraudsters exploit the trust of unsuspecting individuals by distributing private keys to wallets supposedly containing valuable digital assets. These keys are often disseminated to various recipients through various channels.

The scammers lure victims with the promise of free cryptocurrency. Upon accessing the wallet with the provided key, individuals may observe a substantial balance. This entices them to attempt to transfer the funds to their wallets. However, the malicious wallets lack the necessary "gas" – a fee to process transactions on the blockchain network. 

The duplication scams are famous among gamers who prey on users who desire quick and easy returns. The scheme operates on a straightforward premise: fraudsters promise to double your cryptocurrency holdings if you send them an agreed amount. 

They might entice you with an offer like "send 1 ETH and get 2 ETHs back!"  While the allure of doubling your investment can be strong, this is a classic case of deception. 

Once you send your cryptocurrency to the scammer's address, you'll never see it again. It's a simple yet effective scheme that thrives on the victim's hope of easy gains, leaving them with no recourse to recover their lost funds.

Malicious actors may attempt to exploit users with unsolicited airdrops of seemingly valuable tokens. These tokens are distributed to random wallet addresses to entice recipients to engage further.

Be cautious if you receive an unexpected airdrop. Scammers may employ malicious code within the token's smart contract or the decentralized exchange (DEX) used for trading. This code could grant them unauthorized access to your wallet and steal your cryptocurrency holdings if you attempt to swap the airdropped tokens.

It's crucial to exercise vigilance with airdrops. Only interact with tokens from reputable sources within the cryptocurrency ecosystem and verify any claims before proceeding.

It is always wise to avoid interacting with suspicious traders or wallet addresses. Treat unexpected airdrops skeptically, especially if you’ve never heard of the tokens. Always conduct thorough research to determine the legitimacy of the project and the value of the tokens. Using a reputable cryptocurrency aggregator like CoinGecko can help to verify the token’s market valuation. 

A recent example involved the creation of a fake Elon Musk account used to promote a malicious cryptocurrency project. Beyond creating false personas, scammers may also target genuine influencer accounts. Incidents like the September 2023 hack of Vitalik Buterin's Twitter account, a prominent figure in the cryptocurrency community, highlight this tactic. By compromising legitimate profiles, scammers can disseminate malicious links and further perpetuate their deception.

One way to avoid falling into these traps is to resist succumbing to the fear of missing out (FOMO) on purported investment opportunities. Avoid making impulsive decisions based on celebrity endorsements or social media hype, and instead prioritize rational decision-making grounded in thorough research and due diligence.

The sophisticated twist on traditional romance scams is a concerning development that has emerged in cryptocurrency. Perpetrators establish seemingly genuine emotional connections with victims, exploiting their trust and affection. Once rapport is built, the scammer maneuvers the victim into transferring cryptocurrency under false pretenses. These fabricated scenarios may involve claims of urgent family needs or lucrative, albeit fictitious, investment opportunities.

Furthermore, fraudsters have infiltrated online communities like Discord servers and Telegram groups, employing a tactic known as the "crypto bromance scam." Here, scammers position themselves as knowledgeable crypto enthusiasts, cultivating trust with victims by offering seemingly helpful advice. When the victim feels comfortable, the scammer exploits this trust to either elicit their private keys or manipulate them into actions that ultimately drain their cryptocurrency wallets.

Perpetrators of cryptocurrency mining scams frequently impersonate representatives of well-regarded entities within the industry, such as MetaMask (MEW) or Enkrypt.  

Alternatively, they may initiate contact by feigning a friendly and trusting rapport, and these individuals then entice unsuspecting victims with the promise of significant wealth generation through purportedly lucrative cryptocurrency mining programs. To make these opportunities appear especially attractive, they offer unrealistically high Annual Percentage Rates (APR) as returns on investment. Once victims deposit funds into the designated website, the funds disappear entirely, leaving them with no recourse.

Unfortunately, the exploitation often doesn't end there. Scammers may employ a variety of tactics to extract even more money from their targets. A common ploy involves claiming that deposited funds are now locked within the platform and require an additional security deposit to be fully accessible. Once victims comply with this initial "unlock fee," scammers may fabricate excuses, such as overpayment or underpayment discrepancies. These fabricated issues are then used to justify demands for further deposits to rectify the supposed errors. This cycle can continue indefinitely, with scammers inventing increasingly elaborate pretexts to withhold the promised returns.  

All the while, they are surreptitiously siphoning cryptocurrency directly into their own wallets. Because these transactions typically occur within self-custodial wallets, victims often do not realize the deception until it is too late.  This delay allows scammers to abscond with the stolen funds and evade detection due to the decentralized nature of cryptocurrency transactions.

If you ever find that your funds are unexpectedly locked in a protocol and subsequent deposits are requested to be released, refrain from making further investments. This is a red flag signaling potential scam activity, and additional deposits are likely to exacerbate losses rather than yield returns.

Address poisoning exploits a common user behavior in cryptocurrency transactions: copying and pasting wallet addresses. This tactic leverages software to generate addresses that closely resemble legitimate ones, targeting victims who rely on their wallet's recent activity for quick reference.

Scammers frequently identify used addresses in a user's transaction history. They then employ software to create a spoofed address with a high degree of similarity to the legitimate one, often differing by only a few characters at the beginning or end (areas prominently displayed in most wallets). To further the deception, a negligible amount of cryptocurrency might be sent to this fraudulent address, causing it to appear alongside the intended recipient in the recent activity list.

So when a user copies and pastes an address from their recent activity without carefully verifying the entire string, they risk unknowingly sending funds to the scammer's address. Due to the immutable nature of blockchain transactions, these lost funds are irretrievable.

A concerning trend within cryptocurrency communities on platforms like Telegram and Discord involves deceptive impersonation tactics. Malicious actors create usernames that closely mirror those of legitimate administrators or users. This similarity can make it difficult to discern authentic accounts from fraudulent ones.

Top 19 Crypto Scams in 2024: How to Avoid Them (Updated)

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards