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

Bitcoin developer Peter Todd’s snarky response to a post from user Recently, in an HBO documentary, it was claimed that Todd was Satoshi Nakamoto, the creator of Bitcoin.

Contrary to the claims in the HBO documentary, Canadian Bitcoin developer Peter Todd denied the fact that he is Satoshi Nakamato. But that hasn’t stopped crypto enthusiasts from producing various meme coins linked to it.

The $YOURMOM meme token, inspired by Todd’s post on The Solana-backed token is currently trading at $0.002647, with a market cap of $2.4 million in just a few hours since its launch on October 9.

The birth of the $YOURMOM token began when an X user told Todd that he was “all over the Solana memfer.” The user with the handle @iwantitmore_sol then went on to ask the developer if he had any pets and what their names were, feeding into the trend of naming coins after animals.

Todd sarcastically responded to user X by telling him that his pet’s name was “your mom.” Meme token creators saw his post and ran with it. At the time of this writing, a total of four Solana tokens reading YourMom have been made in the last 16 hours, some even featuring Todd’s image as the coin’s symbol.

Similarly, Solana meme coin creators were quick to create coins based on Len Sassaman and his two cats, Odin and Sasha, Polymarket bookmakers’ top pick for Satoshi’s true identity.

After HBO’s documentary naming Peter Todd as Satoshi and not Sassaman, the prices of memecoins created in the cryptographer’s honor took a big plunge. According to CoinMarketCap data, SASHA, the token named after Sassaman’s orange cat, lost 88.21% of its value in the last 24 hours.

The same can be said for Sassaman’s other cat-inspired meme token, Odin, whose price dropped nearly 90% in the hours following the release of the HBO documentary based on GeckoTerminal.

On October 8, HBO’s documentary “Money Electric: The Bitcoin Mystery” claimed that Canadian Bitcoin developer Peter Todd is Satoshi Nakamoto.

One of the main reasons cited by documentary filmmaker Cullen Hobak is a series of cryptic online posts in which Todd calls himself “the world’s leading expert on how to sacrifice your Bitcoins.” This was interpreted as a veiled admission implying that he destroyed access to an estimated 1.1 million BTC attributed to Nakamoto.

The documentary further fueled speculation with allegations that Todd accidentally posted from Satoshi’s account on the BitcoinTalk forum in 2010.

Even before the documentary was released, Todd was adamant in rejecting theories portraying him as the true creator of Bitcoin. On October 8, he responded to a comment from X asking HBO to deny his claim, to which the developer replied, “I’m not Satoshi.”