This bizarre anime cryptocurrency is now ranked 12 in the world

An obscure cryptocurrency designed to help promote and develop the Japanese ‘Otaku’ subculture, called MINDOL (MIN), has just pumped a further 9.5% to reach the hefty price of $4.73. MINDOL now sits at its all-time highest market cap—at just shy of $900 million—and, according to CoinMarketCap, this now means the cryptocurrency is now ranked twelfth by market cap.

Not bad for a coin that was worth just $0.17, just two months ago.

The anime-focused cryptocurrency has actually been recording back-to-back gains for more almost two months. In this time, the MIN token appears to have multiplied in value by more than 20x, while trading volume has remained roughly consistent throughout this time period—at around $3-5 million per day. But does this sound too good to be true?

Definitely. While this performance may make MINDOL look like a project on the up and up, the truth is far less…