---
title: "Shiba Inu’s LEASH Token Plunges on Underwhelming Announcement, But There’s More"
url: https://diffcoin.com/shiba-inus-leash-token-plunges-on-underwhelming-announcement-but-theres-more/
description: "LEASH holders are not happy with Shytoshi Kusama's much-hyped initial announcement."
published: 2023-08-16
updated: 2023-08-16
author: "Mila"
site: "Diffcoin"
---

# 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.

![leash_price_chart](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCA2OTIgNTQyIiB3aWR0aD0iNjkyIiBoZWlnaHQ9IjU0MiIgZGF0YS11PSJodHRwcyUzQSUyRiUyRmNyeXB0b3BvdGF0by5jb20lMkZ3cC1jb250ZW50JTJGdXBsb2FkcyUyRjIwMjMlMkYwOCUyRmxlYXNoX3ByaWNlX2NoYXJ0LTIuanBnIiBkYXRhLXc9IjY5MiIgZGF0YS1oPSI1NDIiIGRhdGEtYmlwPSIiPjwvc3ZnPg==)

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.

SPECIAL OFFER (Sponsored)  
  **Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month**  (terms).

**PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.**

[Source link](https://cryptopotato.com/shiba-inus-leash-token-plunges-on-underwhelming-announcement-but-theres-more/)