- False claims circulate online alleging that LEASH has moved to the Solana network, but official sources confirm it remains on Ethereum.
- LEASH, part of the Shiba Inu ecosystem, has seen its price tumble over 17% in a single day, dropping to $85.
- The token has a market cap of $9 million and ranks as the 1864th largest on CoinGecko.
- Investors are urged to verify token information only through Shiba Inu’s official token portal.
- Shiba Inu ecosystem tokens—including SHIB, BONE, LEASH, and TREAT—are frequent targets for scams and misinformation.
LEASH Token Under Scrutiny Amid Investor Warnings
The Shiba Inu ecosystem is once again in the spotlight, with its secondary token LEASH facing confusion and warnings for investors. Originally designed as a rebase token pegged to Dogecoin, LEASH has since shifted to function purely as an ERC-20 token on the Ethereum blockchain.
Currently, LEASH’s market cap hovers just above $9 million, ranking it the 1864th largest cryptocurrency on CoinGecko. Its recent performance has been concerning for investors, with the token’s price plunging by 17% in the past 24 hours, settling around $85.
False Claims About Solana Migration
A fresh wave of misinformation has spread across social media, falsely suggesting that LEASH has migrated to the Solana network. However, a warning from Susbarium on X (formerly Twitter) has clarified that these claims are entirely false.
Also Read: Collaterize Unveils RWA Tokenization Platform on Solana
Investors are strongly encouraged to verify token authenticity through Shiba Inu’s official token portal, which clearly shows that LEASH remains deployed exclusively on Ethereum.
This is not the first time the Shiba Inu ecosystem has been targeted with fraudulent claims and scams, reflecting the popularity of its tokens.
ShibaInu Ecosystem Frequently Targeted
The Shiba Inu ecosystem comprises multiple tokens—SHIB, BONE, TREAT, and LEASH—all of which are prone to fraudulent activities due to the community’s size and market attention.
Among them, SHIB remains the most popular, ranking as the second-largest meme coin by market cap, only behind Dogecoin. Despite its prominence, SHIB has faced challenges, including an 11% retracement over the past month, mirroring broader volatility in the crypto market.
The warning surrounding LEASH highlights the importance of vigilance in crypto investing, especially within communities as large as Shiba Inu’s. Investors are reminded to cross-check information through official channels, avoid speculative claims, and remain aware of ongoing scam attempts targeting popular tokens.
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