Shytoshi Kusama, the Shiba Inu community leader, has once again added an enigmatic touch to the ongoing discussions by dropping another intriguing hint. This time, the focus was on LEASH, one of the three primary tokens within the Shiba Inu ecosystem. The mysterious message suggests the emergence of fresh utility for the Leash token.
Referred to as the “Doge Killer,” the enigmatic Leash token constitutes one-third of the native tokens in the Shiba Inu framework, alongside BONE and SHIB. It has captivated investor interest due to its incredibly limited total supply of just 107,647 tokens.
The leash token has primarily been employed for accessing upcoming metaverse land and providing staking rewards. By staking LEASH on ShibaSwap, holders have enjoyed the potential for significant rewards. According to CoinGecko data, its present valuation stands at $562 with a market capitalization of approximately $60 million.
It would be safe to say that its usage has not ignited widespread excitement among investors or users. The absence of dynamic utility to fuel organic demand has led to Leash’s relatively stagnant position when compared to its more prominent ecosystem counterparts, SHIB and BONE.
Despite this, the token has managed to secure a listing, leveraging the Shibarium hype. StealthEX, a custody-free instant cryptocurrency exchange, recently introduced the Doge Killer to its mobile app.
As reported by TronWeekly earlier, users could buy, sell, or swap LEASH with over 1,200 cryptocurrencies available on the platform. “Woof, It’s time to unleash the excitement. LEASH is now live on StealthEX. Buckle up, we’re about to embark on an epic crypto adventure.”
Shiba Inu Users React
Nevertheless, the most recent announcement has generated mixed reactions within the SHIB community. The anticipation for Shibarium’s much-awaited debut on August 13th has been met with impatience, causing some fervent SHIB supporters to criticize Kusama for diverting attention with seemingly less pertinent updates.
“Giving a lollypop to the community….so he can tell you about leash on what’s coming and gives dates. but can’t tell you when Shibarium is coming out. Does that make sense,” a user fumed.
However, this latest announcement falls in line with the project leader’s prior statement that numerous other initiatives would be unveiled in conjunction with the eagerly anticipated scaling protocol, Shibarium.