In the world of cryptocurrency, few things are as exciting and volatile as meme coins and their recent inflation. In the last few weeks, a new player has entered the scene and is amassing attention: $OSAK.
This is the token with the closest association to Ryoshi, the legendary—ahem, infamous—creator of Shiba Inu ($SHIB). In the last 24 hours, $OSAK has seen a price increase of a remarkable 36%. Some are speculating that this token’s potential and the price uptick are tied to Ryoshi’s next moves.
The $OSAK and Ryoshi Connection: What You Need to Know
Although $OSAK might be a relatively new contender in the meme coin arena, it is likely to carry a lot of weight because of its putative connection to Ryoshi, the elusive founder of $SHIB. There is decent on-chain evidence to suggest a strong connection between $OSAK and $SHIB, and that connection just might put $OSAK in the running to carry on the success of $SHIB.
Token Distribution: The SHIB Deployer Wallet’s Role
The initial piece of evidence tying $OSAK to Ryoshi is the supply distribution of the token. An incredible 50% of $OSAK’s total supply—500 trillion tokens—sits in the SHIB deployer wallet, which is almost universally accepted to be Ryoshi’s personal wallet. That stash is worth more than $60 million at current prices, and it’s effectively in Ryoshi’s control. No one else holds these tokens. This alone is enough to inspire some serious speculation that Ryoshi is involved with $OSAK, perhaps as the next phase of the meme coin vision he laid out in the Shiba Inu white paper.
Wallet Connections: On-Chain Evidence
This connection is further reinforced by proof of wallet activity. In 2023, wallets funded by the SHIB deployer wallet made substantial acquisitions of $OSAK, the largest of which was a transaction of 17.76 ETH, amounting to a purchase of this token in H2 2023. In fact, this is the single largest purchase of $OSAK on record (which, as noted above, isn’t saying much, since there aren’t many purchases of this token in the first place). This, then, provides a clear on-chain link between the SHIB deployer wallet and $OSAK.
Swap Between $LEASH and $OSAK
Another major incident further strengthens the links between Ryoshi and $OSAK. On April 10, 2025, a swap took place between $LEASH—another token from the Shiba Inu ecosystem—and $OSAK. In this swap, 9 ETH (worth $20,800) was used to purchase 239.5 trillion $OSAK tokens. The CoW Protocol performed this swap, which traces back to the SHIB deployer wallet that currently holds 500 trillion $OSAK tokens. Not only does this point quite clearly to Ryoshi’s involvement, but it also shows a direct liquidity connection between $LEASH and $OSAK.
Shared Language and Community Spirit
Perhaps the most intriguing, though subtle, piece of evidence is the language used by the $OSAK project. The token’s posts often use “teh” instead of “the,” a signature quirk of Ryoshi’s writing style that was also present in early Shiba Inu communications. This small linguistic detail adds another layer of proof to the theory that Ryoshi is behind $OSAK. The project also exudes the same community-first ethos that made $SHIB so successful, with no central team and a focus on decentralization.
Burn Speculation and the Future of $OSAK
The $OSAK community has been hearing rumors that Ryoshi might burn the 50% of token supply that is now in the SHIB deployer wallet. This would be a huge deal, not only reducing OSAK’s supply but also tying it to Ryoshi and SHIB even more closely. Demand for OSAK could skyrocket if people start expecting this to happen.
There is also speculation that Ryoshi controls the keys to $OSAK’s liquidity pools, which would give him a big say in the coin’s liquidity. If these rumors are true, then Ryoshi is signaling a deep commitment to the $OSAK project and potentially setting it up for some nice future price action.
A New Chapter for Decentralized Meme Coins
Should Ryoshi be found to be the creator of $OSAK, then in all likelihood the future of meme coins is much brighter than what many in the industry are forecasting. The pathway to this kind of potential starts with an unparalleled community ethos that yesterday’s project exemplified. Should this today’s project do the same, then Samurai Doge has all the makings of being an unstoppable force in meme coin markets, especially with the growth that it is showing.
As I write this, $OSAK has a current market cap of $30 million, and is showing steady upward momentum. While it is still early days, the connection to Ryoshi could mean that $OSAK is set to become the next major decentralized meme coin. For those who missed the early days of $SHIB, this might be the second chance to get involved in what could become the next major decentralized meme coin success story.
With growing traction, $OSAK is fast becoming what the community expects to be the next big thing in meme coins—”$SHIB 2.0″. Yet whether the project lives up to that billing or not, $OSAK is certainly intriguing. It’s connecting with $SHIB creator Ryoshi, and its trajectory right now seems like it’s headed into the stratosphere of potential market cap. We don’t know yet how substantial that will be at what time (if at all), but $OSAK is at least a good watchlist candidate for those who are into crypto.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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