This Loki theory suggests Victor Timely is actually He Who Remains

gamesradar.com:

In Loki season 2, nothing is as it seems. It all begins with the God of Mischief being timeslipped back to a past version of the TVA that hints at something more sinister going on. Memories are being wiped, no one remembers anything, and everything feels a little… off.

That general feeling is probably what caused Redditor TheMediocreCritic to posit their theory that Victor Timely isn’t just a simple Kang variant; he’s actually He Who Remains.

According to the post, He Who Remains knew he would be defeated and had the ultimate backup plan: he would create a paradox/time loop to ensure that someone would go back in time and help Victor Timely create the TVA, construct the myth of the Time Keepers, and continue to be the one to hold dominion over all timelines at the End of Time.

"The loop begins again, just as it always has," the Redditor writes. If so, it puts Loki and Mobius in an unwinnable situation, one where they need Victor Timely to save the collapse of all time, but that’s a scenario that will lead to the creation of He Who Remains every single time – pretty clever, if you ask us.

As mentioned in the comments, multiple Loki names and references – Ouroboros, Mobius, Asgard and Ragnarok – feature some sort of nod to looping back on oneself or a cyclical design. It certainly feels like the show is trying to tell us something…

We’ve also been thinking about time loops and how Loki season 2 has played with time so far. Episodes 2 and 3, in particular, feel like they’ve jumped ahead a little without filling in the gaps. 

Sure, you could put that down to below-par writing – but this feels something altogether more deliberate. What if Loki, Mobius, and the TVA have been on an endless loop, repeating the same actions over