An Ethereum-based memecoin rumored to be created by the same developer behind Dogecoin (DOGE) competitor Shiba Inu (SHIB) has pulled off enormous gains over the past month while the rest of the crypto markets trade down or sideways.
Since the beginning of August, Dejitaru Tsuka (TSUKA) is up over 300%, going from $0.024 to $0.099 at time of writing.
In the same timeframe, king crypto Bitcoin (BTC) is down 5%.
Dejitaru Tsuka touts itself as a decentralized community centered around meditation, reflection and research.
Pseudonymous developer and creator of Shiba Inu Ryoshi is thought to be the mastermind behind Dejitaru, according to some members of the SHIB community.
SHIB enthusiasts say that some of the writing Ryoshi used regarding Shiba Inu is the same used