On August 13, 2023, Shytoshi Kusama, the co-founder and lead developer of Shiba Inu, revealed exciting plans for an upcoming announcement scheduled for Tuesday at 1 PM EST. In his post, Kusama also hinted at the introduction of a new utility for the Leash token, one of the three native tokens in the Shiba Inu ecosystem (alongside BONE and SHIB), which offers significant rewards when staked on ShibaSwap.
Hey $LEASH holders 🧨🥳 pic.twitter.com/XNouovr2dV
— 𝐋𝐔𝐂𝐈𝐄 | Summer of Shibarium (@LucieSHIB) August 13, 2023
As of the current data from CoinMarketCap, the price of the Leash token, often referred to as the “Doge Killer,” is trading at $578.54, with a 24-hour trading volume of $2.04 million. Over the past 24 hours, Leash has experienced a 6.06% increase in value, holding a rank of 326 and a market capitalization of $61.49 million.
Community Reaction to Shiba Inu Lead’s Teaser
The Shiba Inu community’s response to the lead developer’s teaser has been diverse. Many community members eagerly anticipate the upcoming announcement, while others adopt a more cautious stance, emphasizing the importance of the Shiba Inu leadership delivering on their commitments.
Amidst this anticipation, the upcoming release of the Shibarium layer-2 solution adds to the excitement. Originally slated for an August launch, Shibarium aims to enhance transaction speed and reduce fees. As of August 13, 2023, however, the mainnet launch of Shibarium remains pending.
Despite the delay, the Shiba Inu team continues to promote what they’ve dubbed the “Summer of Shibarium,” hinting at the possibility of more announcements on the horizon. Simultaneously, the team has also called upon the KuCoin crypto exchange to list the BONE and LEASH tokens.
Shiba Inu Price Analysis
According to CoinMarketCap, the current trading price of Shiba Inu stands at $0.000011, accompanied by a 24-hour trading volume of $394.54 million. The meme coin has experienced a slight 0.97% decrease in value within the past 24 hours. Its present CoinMarketCap ranking is 13, with a market capitalization of $6.21 billion.
Over the last 24 hours, SHIB has demonstrated a price range of $0.00001066 at its highest and $0.00001001 at its lowest. Impressively, SHIB has experienced a surge of over 15% in value over the past 7 days. Furthermore, Shiba Inu has doubled its price gain within the last month, exhibiting a remarkable 30% increase in value.
