The cryptocurrency world is buzzing with speculation about who will be revealed as Bitcoin’s (BTC) creator in an upcoming HBO documentary. While enthusiasts eagerly await the unveiling, some traders have found a creative way to capitalize on the hype by issuing memecoins themed around Len Sassaman, a cryptographer whom many believe might be revealed as the pseudonymous creator of Bitcoin, Satoshi Nakamoto.
Memecoins Spark Interest as Bitcoin Creator Speculation Grows
Over the past week, tokens named after Sassaman have appeared on various blockchain networks like Solana, Ethereum, and Bitcoin. These so-called “LEN” tokens were launched by opportunistic traders, who saw a chance to profit from the growing intrigue. The market capitalization of these tokens quickly soared to several million dollars before experiencing some pullback. Interestingly, there was already a LEN token issued four months ago on the Solana blockchain, which recently experienced a surge in value, reaching over $1.6 million by Monday.
In a quirky turn of events, crypto users discovered Sassaman’s cat, Sasha, and started creating memecoins centered around her as well. Some even pointed out that Sassaman’s first cat might have been named ODIN, according to his wife, Meredith L. Patterson, who shared this information on her blog. The memecoins named after these cats, especially the SASHA tokens on both Ethereum and Solana, have exploded in popularity. Together, they reached a combined market cap of over $5 million in just a few days. Patterson herself has been contacted by cryptocurrency users on social media, asking about the tokens, to which she responded by sharing a Solana wallet address for donations.
Len Sassaman and Cats Become Memecoin Icons Amid HBO Documentary Buzz
Memecoins are part of a broader internet culture where humor or shared community interests create a fanbase that drives up the token’s value. Issuing tokens has become relatively easy on decentralized networks like Solana or Binance Smart Chain (BSC). A smart contract can be executed with just a few cents, allowing tokens to be created, given liquidity, and traded on decentralized exchanges almost instantly.
Some crypto traders speculate that investing in memecoins themed after Sassaman, or his pets, could present a hidden market opportunity. They argue that if the upcoming HBO documentary identifies Len Sassaman as Bitcoin’s mysterious creator, Satoshi Nakamoto, the tokens tied to his name could skyrocket in value. One crypto user on X (formerly Twitter) said, “If HBO reveals Len Sassaman as Satoshi, the whole crypto world and major media outlets will talk about it non-stop.”
The documentary, titled Money Electric: The Bitcoin Mystery, is set to air on October 8. As of Monday, Sassaman leads the betting odds on Polymarket with a 35% chance of being named as Satoshi Nakamoto. Other potential candidates include Hal Finney and Adam Back, who are also popular figures in the world of cryptocurrency.
As the excitement builds, crypto traders and enthusiasts alike are watching closely, hoping to cash in on this memecoin frenzy or at least enjoy the unfolding drama surrounding Bitcoin’s origin story.