Curious meme coin HarryPotterObamaSonic10Inu introduced! Claiming to be the "people's Bitcoin"?

3AC co-founder Su Zhu recently announced his list of promising altcoins, which surprisingly includes a meme coin called "HarryPotterObamaSonic10Inu." This meme coin not only has an extremely long name but also saw a nearly fourfold increase in value within a week following Su Zhu's endorsement. What is the story behind this meme coin? Let's take a closer look!

Co-founder Su Zhu's Shopping List

Su Zhu recently showcased his watchlist for this market cycle on Twitter, listing the selected cryptocurrencies and reasons for their selection:

DeFi:

• MakerDAO MKR: Real-world assets with on-chain revenue
• Synthetics SNX: UI and UX improvements
• Compound COMP: Continuing to build in bear market
• Aave AAVE: Survived multiple governance crises

CeFi/DeFi:

• Rollbit RLB: Cryptocurrency online casino
• OPNX OX: Platform token for OPNX, the credit trading platform founded by Su Zhu

Meme Coins:

• PEPE: The next Shib Inu coin
• "BITCOIN": harry potter x obama x sonic

Some may wonder why Bitcoin is classified under meme coins, and what that string of seemingly nonsensical English means?

To be honest, even after researching thoroughly, it remains quite inscrutable, even bordering on the bizarre, but at the very least, it can be said that this token is currently widely circulated in the Western crypto community and has surged nearly 4 times in the past week.

Introduction to "HarryPotterObamaSonic10Inu": Is the Bitcoin you hold real Bitcoin?

From the price chart above, it can be seen that the "Bitcoin" project appeared in early May this year, experienced a surge in early June, and recently surged again. The full name of this project is "HarryPotterObamaSonic10Inu," which can be seen on its Twitter account with a lot of retweets and meme content, much of which is related to the following image.

Note: Sonic is the name of Sonic the Hedgehog

However, what does this image represent? What is the purpose of this project? Or does it even have a purpose? Let's take a look at their official website to see if we can dig up anything.

Upon opening the website, it is evident that the style of the site does not belong to this era, and it features the BGM of Sonic the Hedgehog game. The marquee on the website reads "People's Bitcoin," and the roadmap is straightforward: aiming for a $5 billion market cap, exuding a strong meme style.

At first glance, it seems to say something, yet it seems to say nothing at all. At this point, a pop-up window appears on the site, stating, "Do you accept the truth?"

This question is asking visitors to the site whether they believe that the Bitcoin introduced by the HarryPotterObamaSonic10Inu project is the real Bitcoin. If answered "Yes," they can continue browsing the site; if answered "No," the site will redirect to Bitcoin's website.

In other words, only those who make a choice and answer correctly are allowed to continue exploring the contents of the site?

As you delve further into the quest, you will find descriptions about the token, with a lengthy narrative that seems to convey a message but appears cryptic and incomprehensible upon close reading.

However, the key lies in the last sentence: "If we listen, we can understand that it is a store of value."

For Bitcoin enthusiasts, "store of value" has always been a significant source of Bitcoin's value, and this statement reaffirms that the Bitcoin of this project is the true Bitcoin.

So, how does the economy of this meme "Bitcoin" token fare?

Let's sum it up in one sentence: "No taxes on trading, total supply of 1 billion, just believe in Bitcoin!"

Note: HPOS101 stands for HarryPotterObamaSonic10Inu.

Aside from the slightly "important" content above, the rest of the website is filled with meme content. As you scroll to the bottom, you will discover the team behind the project, but all members remain anonymous, and even after searching on Twitter, no concrete information can be found.

However, the only discernible aspect is that the team members all use similar avatars, and yes, they have even launched their own NFT project.

The NFT Project of "HarryPotterObamaSonic10Inu" - "Sproto Gremlins"

The HarryPotterObamaSonic10Inu team conducted a snapshot of their token holders on 5/22 this year, granting them the qualification to mint "Sproto Gremlins" NFTs, with a limit of two per person.

This NFT appears to be a fusion of Pepe the Frog and Sonic the Hedgehog, with a total supply of only 3,333. Its price trend mirrors that of the token, having initially surged to 0.8ETH at launch, then gradually declining.

However, with the recent surge in the token, the current lowest price is around 0.6ETH. As a project that offers free minting, the price is quite remarkable.

As for what this NFT can do, it's probably just about continuing to create various meme content!

Where Does the Mysterious Sonic Image Originate From?

Returning to the protagonist of the article, "Bitcoin," where does the token's image originate from?

Crypto researcher WaTell conducted an in-depth study on this question. According to WaTell's investigation, this meme image was popular on the American sticker discussion site 4chan and was one of the early classic autism meme creations.

However, this image actually originated from a pattern on a backpack and can currently be traced back to a forum named Kotaku in 2010.

Lastly, besides thanking you for taking the time to read through this inexplicable content, there is one more thing we must tell you.

When we searched for HarryPotterObamaSonic10Inu on Google, we discovered that this token had already been issued on the BNB chain back in 2021 when it was on BSC. The official website back then was even the same as it is now. However, the difference lies in the fact that the "Bitcoin" price issued on BSC had already plummeted to rock bottom, whereas after being reissued on Ethereum this year, it has miraculously experienced a resurgence, truly magical.

If you have any thoughts on this project, feel free to join our Telegram group for discussions!