$BTC

Shiba Inu Coin (LEASH) is a speculative altcoin that emerged from the popularity of SHIB (Shiba Inu Coin). It lacks core technological support and practical application scenarios, relying entirely on the concept of 'Dogecoin ecosystem derivative coins' to hype and attract retail investors.

At the initial stage of its issuance, the token deliberately tied itself to the market popularity of SHIB, exploiting the speculative psychology of retail investors looking to 'cash in on trends for quick profits.' Through community marketing, it created expectations of 'hundredfold coins' and 'thousandfold coins,' attracting a large number of investors lacking risk awareness. Its issuance mechanism has obvious flaws, with token holdings heavily concentrated among a few project parties and early speculators, leaving ordinary retail investors with almost no bargaining power.

Driven by a short-term surge in SHIB, the price of LEASH was maliciously driven up by speculators, creating a false prosperity of 'continuous increases.' When market sentiment peaked and retail investors rushed to buy at high prices, speculators quickly initiated large-scale cash-out operations, withdrawing funds through concentrated token sales. As the speculators exited, the price of LEASH then experienced a cliff-like crash, dropping more than 90% in a short period, and subsequently remained in a state close to zero for a long time, resulting in most retail investors losing their entire investment.