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

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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

Options

Master the fundamental of put options and how to execute a call options in crypto options trading.

Crypto put options and call options are opposites. A put option primarily benefits from a decline in market price. However, since a portion of a crypto put option’s value is tied to a fall in the price of the underlying currency, the value of a put option increases with a decrease in the underlying asset's price. A put option begins to lose value with a rise in the price of the asset to which it’s tied. 

When buying a put option, a buyer is predicting that the asset's value will drop over a specified time frame before the expiration date. Conversely, when selling a put option, the seller speculates that the asset's value will rise or remain unchanged during the valid period of the contract, or before the option expires. If the market price moves in favor of the option holder, they can decide to exercise their put by selling the underlying asset at the strike (or set) price. 

Let’s say that Sandra, an investor, decides to buy a Bitcoin put option as a form of insurance over her position in Bitcoin. After a while, she speculates that a 

 is near, and she isn’t ready to forfeit more than 10% of her long position in Bitcoin. Furthermore, let’s assume that Bitcoin is currently trading at $60,000 per coin, and Sandra purchases a put option that will give her the right to sell it at $54,000 within the next two years.

If, within 6 months, a 20% loss is recorded, Sandra will have recovered simply by being able to sell at $54,000, rather than the current market price of $48,000 — a loss of only 10%. Even if the market crashes to $0, Sandra will only record a loss of 10%.

Conversely, if the market doesn’t drop within this time frame, Sandra can decide to let the put expire. If she does so, she’ll only lose the premium fee.

Buying and Selling Puts: Strategies and Examples

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This is a popular strategy used by traders. Here, the trader buys a “going long” put option in the hope that the market price will fall below the strike price at expiration. The benefit of this strategy is that in the event of a drastic price reduction, the trader can get back many times their initial investment.

This is simply the opposite of a long put. Here, the trader sells a “going short” put in the hope that the asset’s price will rise above the strike price at the expiration point. The seller of the put earns a premium in exchange for selling the put. 

This premium is the highest reward that can be obtained for trading a short put. If the asset’s price falls below the strike price, the trader is obligated to buy it back at the strike price.

This is simply an upgrade of the long put. In this case, the trader buys both the underlying asset and a put option. This is a hedging technique in which the trader expects the asset’s price to soar, but still wants insurance in case its price declines. If it actually does, the long put covers the loss incurred.

This strategy is very popular in options trading. The 

 is typically used when the call trader or call writer speculates on an increase in the future price of an underlying asset.

The key to using this strategy is to sell higher and buy lower. Simply put, you sell a put option with a higher strike price, and then buy another option with a lower strike. However, both options must have the same expiration date. 

Although the risks involved here are minimal, they do still exist. If, at expiration, the asset’s price moves below the strike price, a loss will be recorded, as the two put options will be ITM.

is applied when an investor predicts a decline in the price of an asset. This strategy aims to reduce cost and risks, while also ensuring that the investor makes as much profit as possible.

To use this strategy, the investor first purchases a 

 option with a lesser strike price. For this to work, both options must be tied to the same underlying asset and have the same expiration date.

A put option is a great hedging tool, and many traders swear by it. But no financial instrument is risk-free. In order to limit their losses, traders should do their due diligence to see if the product aligns with their risk appetite. 

Bybit Options Lesson: Understanding Put Options

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards