Solana (SOL)-Based Memecoin Comedian (BAN) Goes Parabolic After Earning Support from Binance

Binance announced futures contracts in the USDT trading pair support for Comedian (BAN), which soared to a new all-time high of $0.378 on Monday.

Binance, the world’s largest crypto exchange, has announced futures contracts in the USDT trading pair for two new altcoins: Comedian (BAN) and decentralized cloud computing token Akash Network (AKT).

Binance Adds Futures Contracts for Memecoin Comedian (BAN)

One Solana (SOL)-based memecoin is skyrocketing after earning sudden support from Binance.

Binance announced futures contracts in the USDT trading pair support for Comedian, which soared to a new all-time high of $0.378 on Monday.

BAN has since retraced and is trading for $0.292 at the time of writing, still up more than 1,600% from its low in early November of $0.017. With a market cap of $287.4 million, BAN is the 275th largest crypto project.

According to the project’s website, the memecoin was inspired by the 2019 artwork titled “Comedian” by Italian artist Maurizio Cattelan. The artwork, which featured a banana taped to a wall, was sold at Sotheby’s for a staggering $120,000.

“This satirical cryptocurrency doesn’t just ask buyers to invest in a coin; it invites them to consider their own participation in a new meta driven by humor, hype, and occasionally, the absurd. Comedian becomes not only a currency but a cultural critique, embodying both the ingenuity and absurdity that have come to define meme culture in the digital age. Through this coin, the spirit of Cattelan’s banana lives on, daring participants to consider where true value lies in art, finance, and the very memes that capture the zeitgeist.”

Binance also announced futures contracts in the USDT trading pair support for decentralized cloud computing altcoin Akash Network (AKT).

AKT is trading for $3.74 at the time of writing, up 12.8% in the last 24 hours.