Peter Todd-inspired meme coin YOURMOM skyrockets over 4000% in live trading

Bitcoin developer Peter Todd’s playful response to a user’s inquiry about his pets has sparked the creation of a viral meme coin, $YOURMOM, which has skyrocketed over 130% in just 24 hours. This surge comes on the heels of HBO’s documentary that controversially claimed Todd as Satoshi Nakamoto, the enigmatic creator of Bitcoin.

While Todd has firmly denied being Nakamoto, the crypto community has embraced the meme culture surrounding him, leading to the development of various meme coins. The $YOURMOM token, inspired by Todd’s recent interaction on X, has gained remarkable traction, boasting a staggering 4000% increase in value shortly after its launch on October 9. As of now, the Solana-based token is trading at $0.002647 with a market cap of $2.4 million.

The token’s genesis occurred when a user, @iwantitmore_sol, commented on Todd’s presence in the “Solana memesphere” and asked if he had any pets, aiming to contribute to the trend of naming coins after animals. Todd’s witty reply turned into a meme that ignited enthusiasm among crypto enthusiasts, leading to the rapid rise of the $YOURMOM token.

Peter Todd’s sarcastic response to a user’s question about his pet’s name—“your mom”—has ignited a meme coin frenzy, with four new Solana tokens featuring the ticker YourMom launched within 16 hours of his post. Some of these tokens even use Todd’s image as their icon.

This meme coin phenomenon echoes a similar situation involving Len Sassaman, who was previously a leading candidate for Satoshi’s identity. Following the HBO documentary’s assertion that Todd is Satoshi, Sassaman’s associated meme tokens, named after his two cats, saw significant declines in value. The token SASHA, named after Sassaman’s orange cat, plummeted by 88.21%, while the token inspired by his other cat, Odin, dropped nearly 90%.

The documentary “Money Electric: The Bitcoin Mystery,” which aired on October 8, labeled Todd as Bitcoin’s creator, citing his cryptic online posts as evidence. One post, where Todd called himself “the world’s leading expert on how to sacrifice your Bitcoins,” was interpreted as a hint that he might have destroyed access to the 1.1 million BTC attributed to Nakamoto. The documentary also claimed Todd had inadvertently posted from Satoshi’s BitcoinTalk account back in 2010.

Despite the speculation, Todd has consistently denied being Satoshi, reiterating on October 8 that “I am not Satoshi” in response to comments about the documentary’s claims.