Traders
Think They Know
Who Satoshi Nakamoto
Is—
So They'
re Buying
Meme Coins
Based
on His
Cat
Traders Think They Know Who Satoshi Nakamoto Is—So They're Buying Meme
Coins Based on His Cat
Ahead of a documentary that says it'll reveal the identity of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
creator Satoshi Nakamoto, degens are trading meme coins based on his cat.
By Ryan S. Gladwin
Oct 7, 2024 Oct 7, 2024
4 min read
Who is Satoshi Nakamoto? Image: Shutterstock
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Meme coin traders believe they know the identity of Satoshi Nakamoto , the
creator of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin , and are now trading a token of his cat. This is the degen
gamble of the week ahead of a HBO documentary that claims to reveal the
identity of the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта’s elusive founder.
“Money Electric: The Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Mystery,” is set to release on Tuesday, Oct. 8.
It promises to solve the crypto industry’s biggest mystery: Who is Satoshi
Nakamoto ? The Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin creator posted on forums under the pseudonym as early
as 2008. Since then, speculation around Satoshi Nakamoto’s identity has only
grown alongside the popularity of their invention, which now has a market
capitalization of $1.2 trillion .
Now it appears that the grand reveal is just 24 hours away, meme coin traders
are acting on what they think they know about Satoshi's identity. What do
you do once you believe you’ve solved crypto’s biggest secret? Trade the
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin creator’s cat, of course.
A group of degens claim that Len Sassaman, an American Cypherpunk who took his
own life in 2011, is the creator of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin. A key factor to this is that two
months before Sassaman passed away, Satoshi posted his final message , “I’ve
moved onto other things.” This combined with a number of other details
including his use of British English, which Satoshi posts also used, and an
old blog post by his wife have led speculators to believe Sassaman is the real
deal.
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LEN IS SATOSHI. SATOSHI IS LEN. I STAKE MY BLOODLINE UPON THIS CLAIM.
BEFORE MY TIME IS DONE I SHALL BE VINDICATED. pic.twitter.com/aA1iJlIw9W
— Lexapro (@LexaproTrader) October 5, 2024
In turn, degens have found Sassaman’s cat, Sasha , and created a Solana meme
coin. Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Cat ( SASHA ) skyrocketed to a $25 million market cap hours
after launching off of Pump.fun —apparently because people think he's
linked to the Satoshi pseudonym. But it has since fallen• Кинематограф » Телесериалы » Телесериалы по жанрам » Фантастические телесериалы » Падший (мини-сериал) nearly 50% to a $13
million market cap.
Then Lexapro, a pseudonymous meme coin trader• Кинематограф » Исторические фильмы » Аферист (фильм), claimed on Twitter• Объект организация » Организации по алфавиту » Организации на Tw » Twitter, Inc. to have
spoken with someone who knows that Sassaman will be named as Satoshi by the
HBO documentary. Another Twitter• Объект организация » Организации по алфавиту » Организации на Tw » Twitter, Inc. user believes he has obtained a leaked HBO
email• Коммуникации » Интернет-коммуникации » Электронная почта that points to the big reveal and the head of research at crypto firm
Galaxy claims that Sassaman will be named in the upcoming film.
Instead of denying the rumors, it appears that Sassaman’s wife Meredith L.
Patterson has leaned into the narrative by opening her Solana wallet to
donations of meme coins related to her cat.
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right, so, me not knowing really anything about the world of memecoins, I
apparently sent a few DMers a coinbase address
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
— Meredith L. Patterson ðð (@maradydd) October 5, 2024
“If people are insisting on sending me memes coins about my cat, I'm not
gonna say no,” she posted on Twitter• Объект организация » Организации по алфавиту » Организации на Tw » Twitter, Inc. . An accompanying photo shows her with
what appears to be a joint in her mouth as she throws up a peace sign.
Ironically, it looks like Patterson dumped all of the tokens related to her
cat almost immediately after receiving them. According to SolScan , the wallet
profited over $26,000 from Sasha-related tokens sent to her. It's worth
noting that these sales were mostly of tokens that are now at market caps
below $10,000—less than $1 of what she sold was of the now $13 million SASHA
coin.
In a weird turn of events, the posted wallet created three tokens on Pump.fun
including Father of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin (FOB) with an attached photo of Sassaman. Despite
the connection to his wife, the token never graduated off the
protocol—achieved by reaching a market cap of $69,000.
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