Shiba Inu’s LEASH Token Plunges on Underwhelming Announcement, But There’s More

Shiba Inu’s LEASH Token Plunges on Underwhelming Announcement, But There’s More


Shiba Inu’s LEASH token has been at the forefront throughout the past couple of days. The ecosystem’s lead developer – Shytoshi Kusama – teased a new exclusive feature holders will get.

  • Shytoshi Kusama is the lead developer of the Shiba Inu ecosystem, and on August 13th, he said that LEASH holders are in for a treat throughout the following week.
  • He teased about them receiving an exclusive feature on Tuesday, which probably played a part in the cryptocurrency’s increase leading up to that moment.
  • LEASH was trading well in the green, as seen in the chart below.
Source: CoinGecko

  • It’s also obvious that the token dropped massively immediately after the announcement was made.
  • The announcement itself was that Kusama issued a book called 44 Tenets to Triumph in Crypto. And the exclusive for LEASH holders was that they get a 1-hour head start to pre-order a signed copy costing 1 ETH.
  • Many in the comments below the announcement were disappointed, expecting a somewhat different announcement, perhaps something to do with the token itself.
  • This resulted in an immediate drop in LEASH’s price, which plunged across the board.
  • However, it’s also important to note that there’s more to the story.
  • Kusama initially promised that the exclusive featured will be announced on Tuesday (which happened), but on Wednesday, they would reveal a new utility for the LEASH token.
  • We have yet to see what this new utility will be.

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