LEN, SASHA, and ODIN: Len Sassaman-inspired meme coins pop up in the market before Satoshi identity reveal

In anticipation of the upcoming HBO documentary “Money Electric: The Bitcoin Mystery,” which aims to unveil the true identity of Bitcoin’s creator, Satoshi Nakamoto, the crypto community has seen a surge of memecoins inspired by Len Sassaman and his beloved cats, Sasha and Odin.

Sassaman, a deceased cryptographer, has recently gained traction as a top contender for Nakamoto’s identity, particularly following his prominence in the Polymarket betting pool. As excitement builds for the documentary, which premieres on Oct. 8, various new memecoins like LEN, SASHA, and ODIN have emerged across Solana, Ethereum, and Bitcoin networks, reflecting the community’s enthusiasm and creativity in honor of Sassaman’s legacy.

This phenomenon highlights how the speculation surrounding Nakamoto’s identity can lead to increased interest and activity in the crypto space, particularly in the realm of memecoins, which often thrive on cultural and social trends.

Sasha Cat’s token, SASHA, has seen a remarkable rise of over 70% in just one day, with its market cap now at approximately $1.2 million. This Solana-based memecoin, inspired by Len Sassaman’s orange cat, has quickly gained traction among traders.

In contrast, the memecoin named after Sassaman’s other cat, Odin, has experienced a more modest increase of about 15% in the past day, achieving a market cap of $236,000 shortly after its launch on Solana. While it hasn’t captured as much attention as SASHA, it still reflects the growing interest in Sassaman-themed tokens.

Additionally, multiple memecoins bearing Sassaman’s name, including LEN, have emerged on both Solana and Ethereum. These tokens have collectively reached market capitalizations in the millions before seeing some profit-taking. An earlier LEN token, launched over four months ago and claiming to be the first on Solana, has also benefited from the renewed interest, boasting a market cap of over $1.6 million as of Monday.

This wave of memecoins demonstrates how cultural phenomena and trending topics can drive engagement and speculation within the cryptocurrency market.

As the premiere of the HBO documentary approaches, Len Sassaman’s odds of being identified as Satoshi Nakamoto stand at nearly 40% in the Polymarket betting pool titled “Who will HBO doc identify as Satoshi?” This puts him in the lead among contenders. Close behind are those who believe Satoshi could be a group of individuals or an entirely different person, with odds at 38%.

Adam Back, the CEO of Blockstream, is the next most likely candidate according to bettors, with odds exceeding 7%. Back is also set to appear in the documentary, which has fueled speculation about his potential connection to Bitcoin’s mysterious creator. The anticipation surrounding the documentary and the ensuing betting activity reflect the ongoing intrigue in the quest to uncover Satoshi Nakamoto’s true identity.