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The name originates from a viral image from around 2010—a knock-off backpack featuring images of Harry Potter, Obama, and Sonic simultaneously. Around 2023, someone turned this absurd meme into an ERC-20 token on Ethereum, deliberately naming the ticker "BITCOIN" to satirize the chaos in the cryptocurrency world and the phenomenon of "everyone wanting to be the next Bitcoin." Currently, it primarily runs on Ethereum, but there are also on-chain versions on Base, Solana, and Berachain. Zero taxes, liquidity lock-up, and relinquished ownership—typical meme coin features.