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Bitcoin developer Peter Todd’s snarky reply to an X user’s post asking about the name of his pets has been turned into a viral meme coin that has soared past 130% in the past 24 hours. Todd was recently claimed to be Satoshi Nakamoto, the creator of Bitcoin, by an HBO documentary.
Contrary to the HBO documentary’s claims, Canadian Bitcoin developer Peter Todd has denied the fact that he is Satoshi Nakamato. But that didn’t stop the crypto enthusiasts from making various meme coins linked to him.
The meme token with the ticker $YOURMOM, inspired by Todd’s post on X, has surged past 4000% according to data on GeckoTerminal. The Solana-powered token is currently trading at $0.002647 with a market cap of $2.4 million in mere hours since its launch on Oct. 9.
The birth of the $YOURMOM token started when one X user told Todd that he was “all over the Solana memesphere”. The user with the handle @iwantitmore_sol then proceeded to ask the developer if he had any pets and what their names are, with the intent of feeding the meme token trend of naming coins after animals.
To all the Solana memecoin degens spamming my mentios, I have one pet and it's name is your mom. https://t.co/dOAt7v1JBa
— Peter Todd (@peterktodd) October 8, 2024
Todd responded sarcastically by telling the X user that the name of his pet was “your mom”. Meme token creators saw his post and ran with it. At the time of writing, there have been a total of four Solana tokens made in the past 16 hours with the ticker YourMom, some even bearing Todd’s picture as the coin’s icon.
In a similar fashion, Solana meme coin creators were quick to create tokens based on Len Sassaman and his two cats, Odin and Sasha, when he was the Polymarket bettors’ top pick for Satoshi’s true identity.
After the HBO documentary named Peter Todd as Satoshi and not Sassaman, prices for memecoins created in honor of the cryptographer took a nosedive. According to data on CoinMarketCap, the token SASHA, named after Sassaman’s orange cat, has dropped 88.21% in the past 24 hours.
The same can be said about Odin, Sassaman’s other cat-inspired meme token, that saw its price plummet by nearly 90% in the hours following the release of the HBO documentary, based on GeckoTerminal.
On Oct. 8, HBO’s documentary “Money Electric: The Bitcoin Mystery” claimed that Canadian Bitcoin developer Peter Todd was Satoshi Nakamoto.
One of the main reasons mentioned by documentary producer Cullen Hobak is a series of cryptic online posts, one of which Todd called himself “the world’s leading expert on how to sacrifice your Bitcoins”. This was interpreted as a veiled admission that alluded to him destroying access to the estimated 1.1 million BTC attributed to Nakamoto.
The documentary further fueled speculation with claims that Todd once accidentally posted from Satoshi’s account on the BitcoinTalk forum in 2010.
Even before the documentary aired, Todd has been adamant in denying theories that point to him as Bitcoin’s true creator. On Oct. 8, he responded to a comment on X asking him to come out and deny HBO’s claim, to which the developer wrote “I am not Satoshi.”