Shiba Inu’s LEASH Token Plunges: Is There More to the Story?

• Shiba Inu’s LEASH token saw a significant increase leading up to an announcement by lead developer Shytoshi Kusama.
• The announcement was for a book being released called ‘44 Tenets to Triumph in Crypto’ which LEASH holders got a one hour head start to pre-order.
• This underwhelming announcement caused an immediate drop in the price of LEASH across the board.

Shiba Inu’s LEASH Token

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.

LEASH Price Increase

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.
Source: CoinGecko

Kusama’s Announcement

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.

Price Drop After Announcement

This resulted in an immediate drop in LEASH’s price, which plunged across the board.

More To Come?

However, it’s also important to note that there’s more to this story and Kusama promised more announcements soon so we can expect further developments with regards to this matter