Latest Doge Killer (LEASH) Price Analysis

TLDR
Doge Killer (LEASH) fell 9.2% over the last 24h, underperforming the broader crypto market (-0.12%). The drop extends a 31.7% weekly decline, driven by three key factors:

1. Supply Shock (Bearish Impact) – A 10% token mint contradicted fixed-supply claims, eroding trust.
2. Security Concerns (Bearish Impact) – A hacked wallet linked to LEASH sparked scam fears despite reassurances.
3. Technical Breakdown (Bearish Impact) – Oversold RSI and bearish MACD signal weak momentum.

Deep Dive

1. Supply Shock From Unplanned Token Mint (Bearish Impact)

Overview: On August 11, 10,765 new LEASH tokens (10% of supply) were minted via a hidden “rebase pathway” in the contract, contradicting prior claims of a fixed supply. Lead developer Kaal Dhairya called this a “trust breach” (U.Today).

What this means: The unplanned supply increase dilutes holder value and exposes centralization risks despite Shiba Inu’s decentralized branding. Proposals for LEASH v2 (a non-rebase contract) aim to restore confidence but require DAO approval, creating uncertainty.

What to look out for: DAO voting timelines and LEASH v2 contract details.

2. Security Scare From Compromised Wallet (Bearish Impact)

Overview: A Shiba Inu Deployer wallet (0xA221...1494) linked to LEASH was hacked on August 14. While developers clarified no critical systems were affected, the wallet could still launch scam tokens (U.Today).

What this means: The incident triggered fears of phishing attacks and fake token launches, pressuring LEASH holders to exit preemptively. Though unrelated to LEASH’s core contract, the association amplified negative sentiment.

3. Technical Weakness (Bearish Impact)

Overview: LEASH’s price ($78.02) trades below all key moving averages (7-day SMA: $91.61, 30-day SMA: $143.78). The RSI-7 (24.74) signals extreme oversold conditions, but the MACD histogram (-8.39) shows bearish momentum persists.

What this means: Technical traders interpret the breakdown below $135.63 (50% Fibonacci retracement) as a bearish continuation signal. Weak volume ($1.75M, -2% daily) suggests limited buying interest to reverse the trend.

What to look out for: A close above the 7-day EMA ($93.93) could signal short-term relief.

Conclusion

LEASH’s drop reflects a perfect storm of supply shock, security fears, and technical breakdowns. While oversold conditions might invite a bounce, structural risks (supply control, DAO delays) could prolong downward pressure.

Key watch: Will the DAO fast-track LEASH v2 to address supply concerns, or will skepticism deepen?

TLDR
Doge Killer (LEASH) fell 1.55% over the last 24h, underperforming the broader crypto market (-2.58%). The drop extends a 45% weekly decline, driven by supply inflation and governance concerns. Key factors:

1. Supply Shock – 10% supply increase on Aug 11 sparked dilution fears
2. Hack Fallout – Community confusion over compromised wallet risks
3. Technical Weakness – Price broke below critical support levels

Deep Dive

1. Supply Inflation Shock (Bearish Impact)

Overview: LEASH’s circulating supply surged 10% on August 11 (10,765 new tokens minted), contradicting claims of a fixed supply. Developer Kaal Dhairya confirmed a hidden “rebase pathway” in smart contracts enabled the increase (U.Today).

What this means: The breach of perceived supply scarcity eroded trust, triggering sell-offs. LEASH’s market cap fell 30% post-announcement (Aug 11–12), with diluted holdings pressuring prices further.

What to look out for: DAO vote on migrating to LEASH v2 (non-rebase contract), expected this week.

2. Wallet Hack Fallout (Mixed Impact)

Overview: A Shiba Inu Deployer wallet (linked to LEASH contracts) was hacked on August 14. While developers clarified no critical systems were compromised, fears persist about scam tokens launched from the wallet (U.Today).

What this means: Short-term panic selling occurred, but partial recovery followed assurances. Turnover ratio (0.146) indicates thin liquidity, amplifying volatility from news-driven trades.

3. Technical Breakdown (Bearish Momentum)

Overview: LEASH broke below its 30-day SMA ($148.25) and Fibonacci 78.6% retracement level ($101.73). RSI-14 at 34.98 signals oversold conditions but lacks bullish reversal confirmation.

What this means: Bearish momentum dominates, with $75.28 (Aug 18 swing low) as next support. MACD histogram (-9.01) shows accelerating downward pressure.

Conclusion

LEASH’s decline reflects a crisis of confidence in its supply mechanics, compounded by technical breakdowns. While oversold conditions could invite short-term rebounds, sustained recovery hinges on DAO-approved fixes to restore scarcity.

Key watch: Will the LEASH v2 migration proposal pass, and how quickly can it implement supply caps?