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Len Sassaman Gets the Memecoin Treatment Ahead of HBO Bitcoin Creator Documentary
Polymarket bettors and the broader crypto community widely consider cryptographer Sassaman to be “revealed” as Bitcoin’s creator in an anticipated HBO documentary.
Updated Oct 7, 2024, 8:55 p.m. Published Oct 7, 2024, 6:24 a.m.
- The upcoming HBO documentary "Money Electric: The Bitcoin Mystery" has sparked significant interest and speculation in the cryptocurrency community about the identity of Bitcoin's creator, Satoshi Nakamoto.
- In anticipation of the documentary, various memecoins themed around Len Sassaman and his cats, Sasha and ODIN, have emerged on Solana, Ethereum, and Bitcoin networks.
The suspense around who will be revealed as Bitcoin's apparent creator on an upcoming HBO document is making rounds in crypto circles, but some have found a way to make money with tokens amid the drama.
Memecoins themed after cryptographer Len Sassaman – whom Polymarket bettors believe to be revealed as Bitcoin's pseudonymous creator Satoshi Nakamoto – have started to populate the Solana, Ethereum and Bitcoin networks in the past week.
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LEN tokens on Solana and Ethereum were issued by opportunistic traders in the past week, running to a market capitalization of a few million before paring gains. Another LEN token issued over four months ago that claims to be the first be issued on Solana saw a price boost last week and sits at over $1.6 million as of Monday.
Some even learned about Sassaman's cat Sasha and created memecoins around her. Others claim that another cat, ODIN, was Sassaman's first, as his wife Meredith L. Patterson tagged on her blog.
Sasha says hello! http://t.co/gngr7tQ
— Len Sassaman (@lensassaman) March 9, 2011
SASHA tokens on Ethereum and Solana have reached market capitalizations of over $5 million in the past week. Crypto users have contacted Patterson on X asking about memecoins and receiving a Solana address for token donations in return.
Memecoins are often created as a form of internet culture or to celebrate a meme. They leverage the power of community, where the shared humor or interest in a meme can create a strong, supportive base that drives value for the token.
Anyone can call a smart contract and issue tokens on the BSC (or other blockchains) for a few cents, and the presence of decentralized exchanges means tokens can instantly be issued, supplied with liquidity and traded soon after.
right, so, me not knowing really anything about the world of memecoins, I apparently sent a few DMers a coinbase address
— Meredith L. Patterson 💉💉 (@maradydd) October 5, 2024
but if people are insisting on sending me memecoins about my cat, I'm not gonna say no
G9aQdwMgPXxVWhZ4TsGCZzXn1fLHzNELrKdppNjRPPBv is also me pic.twitter.com/VZ428Bsh2e
Some say that memecoin bets on tokens themed after Sassaman or his cats could be an underpriced market opportunity.
"But I know if HBO releases a documenter and tells everyone that @lensassaman is satoshi, then every crypto mfers and every big media will say/write its name and talk about him,” said crypto X user @ariesyuangga. “If Len Sassaman is named as Satoshi Nakamoto this cat is going to fly,” said @dametime_tradez, another crypto X user.
The HBO documentary" Money Electric: The Bitcoin Mystery" is currently scheduled to air on Oct. 8. Sassaman leads Polymarket odds at 35% as of Monday, with Hal Finney and Adam Back in the running.
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