TLDR:
- Market: The BitFather ($BITFATHER) hit an all-time high (ATH) of a $3.3M market value and continues to rise, with a 24-hour volume of $1.2M. (ATH) market cap of $3.3M and is still climbing, with a 24-hour trading volume of $1.2M.
- Narrative: $BITFATHER, a memecoin born out of Solana, is riding a meme wave because once a SpaceX intern had accused Elon Musk of having come up with Bitcoin. Musk’s laughing face emoji retort to a tweeted news screenshot, and not a denial, brings out rumors and humor, but meme volatility and unsubstantiated rumors are the risks.
The BitFather ($BITFATHER), contract address 7pwpaV3iVXyEfcZrrgoMopK4tBs8w3y8Yx11P7mKpump, is surging on the Solana blockchain, reaching an all-time high market cap of $3.3M and still climbing, backed by a $1.2M 24-hour trading volume. Launched on Pump.fun, $BITFATHER is fueled by a meme culture spurred by an article penned by Sahil Gupta in 2017, who had interned at SpaceX and who had authored that Elon Musk was the secret creator of Bitcoin, Satoshi Nakamoto. Most recently, a screenshot of the article had been posted to X, and Musk had responded to the post with his signature cry-laugh emojis, fueling speculation without a clear denial of the article.
The $BITFATHER storyline thrives on this mix of humor and speculation. Gupta’s argument—that Musk’s expertise in cryptography, economics, and C++ from his PayPal and Zip2 days aligns with Bitcoin’s creation—resurfaced despite Musk’s 2017 tweet denying ownership of Bitcoin.
However, $BITFATHER’s rally is pure memecoin speculation. The Musk-Bitcoin link remains unproven, and Musk’s environmental critiques of Bitcoin’s energy use contradict the theory. Investors should track X sentiment, trading volume, and Musk’s future crypto comments while bracing for wild price action.
Read more meme coin narratives on the MevX Blog!
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