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.

• 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.