Sunday, November 9, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Justin Sun’s 100,000 Banana Plan Bites the Dust

by SB Crypto Guru News
November 29, 2024
in Crypto Updates
Reading Time: 3 mins read
0 0
A A
0


Justin Sun, who recently made headlines for acquiring a duct-taped banana artwork for $6.24 million, has decided against an ambitious plan to purchase 100,000 bananas.

The proposal, intended as a gesture of appreciation for the fruit’s original seller—a Manhattan street vendor who sold the banana for just 25 cents—was scrapped after logistical and financial concerns arose.

Sun had initially announced his intention to buy the massive quantity of bananas from Shah Alam, the vendor whose banana unknowingly became part of a globally discussed artwork.

What is Decentralized Crypto Gambling? (Animated Explainer)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

What is Decentralized Crypto Gambling? (Animated Explainer)

What is Decentralized Crypto Gambling? (Animated Explainer)
What is Decentralized Crypto Gambling? (Animated Explainer)

Sun planned to distribute the bananas for free worldwide to anyone presenting valid identification. This initiative, according to Sun, was meant to honor Alam’s role in creating a “culturally significant” piece of art. The founder of the Tron
TRX


$0.2046

blockchain even expressed a desire to visit Alam’s stand personally in the future.

However, this grand plan quickly met practical hurdles. Alam, upon hearing about the proposal, highlighted the enormous costs and logistical challenges involved in sourcing and distributing such a vast number of bananas.

He also noted the minimal profit margins inherent in selling bananas by saying:

There’s not any profit in selling bananas.

His feedback, reported by The New York Times, prompted Sun to abandon the initiative. Additionally, Mohammed Islam, the owner of the fruit stand, revealed that no one from Sun’s team had reached out to discuss the plan’s practicality.

This isn’t the first time Justin Sun’s antics have stirred public debate—his approach often leaves the world watching in disbelief. For instance, he reportedly ate the infamous $6 million banana artwork. What sparked this stunt? Read the full story.

Aaron S. Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.




Source link

Tags: bananaBitcoin NewsbitesCrypto NewsCrypto UpdatesDustJustinLatest News on CryptoplanSB Crypto Guru NewsSuns
Previous Post

7 Innovative Holiday Marketing Ideas to Help Your Brand Stand Out

Next Post

Livestream Ban Backfires: Meme Coin Platform Pump.fun Sees Revenue Fall

Related Posts

Experts Say Privacy Is the Missing Link in Stablecoin Evolution

Experts Say Privacy Is the Missing Link in Stablecoin Evolution

by SB Crypto Guru News
November 9, 2025
0

Traditional stablecoins like USDT and USDC have become essential for decentralized finance and cross-border transactions, but experts assert there is...

ARK Invest’s Cathie Wood Has Lowered Her Bitcoin Price Target, Here’s Why

ARK Invest’s Cathie Wood Has Lowered Her Bitcoin Price Target, Here’s Why

by SB Crypto Guru News
November 9, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The price of Bitcoin is trading just...

Best Hyperliquid Referral Code in 2025: [HYPERLIQUIDREVIEW]

Best Hyperliquid Referral Code in 2025: [HYPERLIQUIDREVIEW]

by SB Crypto Guru News
November 8, 2025
0

Hyperliquid referral code is a unique promotional code that offers new users exclusive benefits when they sign up on the...

Stablecoin Shake-Up: .9B Drop Hits Market as XUSD and USDX Break Peg

Stablecoin Shake-Up: $1.9B Drop Hits Market as XUSD and USDX Break Peg

by SB Crypto Guru News
November 8, 2025
0

The stablecoin sector finally hit a speed bump this week, trimming $1.925 billion from its market cap after a long...

UBS Executes World-First T Tokenized Fund Workflow Using Chainlink

UBS Executes World-First $6T Tokenized Fund Workflow Using Chainlink

by SB Crypto Guru News
November 8, 2025
0

Key Takeaways:UBS completes the first fully in-production, end-to-end tokenized fund transaction using Chainlink’s Digital Transfer Agent (DTA) standardDigiFT acts as...

Load More
Next Post
Livestream Ban Backfires: Meme Coin Platform Pump.fun Sees Revenue Fall

Livestream Ban Backfires: Meme Coin Platform Pump.fun Sees Revenue Fall

Best Crypto to Buy Now November 29 – Bittensor, Qtum, ZetaChain

Best Crypto to Buy Now November 29 - Bittensor, Qtum, ZetaChain

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.