An Ethereum (ETH)-based meme coin has made tremendous gains in the past two weeks, challenging the crypto markets.
Thought to be created by the developer behind Shiba Inu (SHIB), Dejitaru Tsuka (TSUKA) has had a notable rise since the beginning of February. Meme coin has surged from $0.072 to $0.140 over the past 11 days, up 94.4% at one point. In that time frame, Bitcoin fell 3.6%.
Dejitaru Tsuka, a project built on the Ethereum blockchain, describes itself as a decentralized community focused on meditation, reflection and research.
According to some members of the SHIB community, Shiba Inu Ryoshi’s pseudonymous developer is thought to be the brains behind Dejitaru. SHIB enthusiasts claim that some of Ryoshi’s writings on the Shiba Inu are the same ones used on Dejitaru Tsuka’s blog. of Dejitaru medium page also uses the same picture as Ryoshi’s Twitter profile, and Ryoshi is the only account Dejitaru follows on Twitter.
Besides, meme coin reached a new milestone yesterday. According to the official Dejitaru Tsuka Twitter account, there are currently 10,000 TSUKA owners worldwide.
You can follow the current price action here.