Doge Killer (LEASH) Price Prediction

TLDR LEASH faces a tug-of-war between supply shocks and ecosystem evolution.

1. Supply Shock Fallout – 10% supply surge on Aug 11 triggers dilution fears, pending DAO vote on v2 contract.
2. SHIB Ecosystem Dependency – LEASH’s fate tied to Shiba Inu’s governance overhaul and SHIB price momentum.
3. Altseason Speculation – Neutral market sentiment and Bitcoin dominance (57.7%) limit meme coin upside.

Deep Dive

1. Supply Controversy & v2 Migration (Bearish/Mixed Impact)

Overview: A previously disabled rebase mechanism unexpectedly minted 10,765 LEASH (10% supply increase) on August 11, contradicting the token’s “fixed supply” narrative. Developers attribute this to a legacy smart contract pathway and propose two solutions: negotiate with the original dev (stalled) or launch a non-rebase LEASH v2. A DAO vote is pending (Kaal Dhairya).

What this means: The supply shock eroded trust – LEASH dropped 30% post-rebase to $118 (now $70.98). A successful v2 migration could restore scarcity (original 107K cap), but delays or governance gridlock risk prolonged sell pressure.

2. Shiba Ecosystem Interdependence (Mixed Impact)

Overview: LEASH remains secondary to SHIB ($7.88B market cap) and BONE (governance token). Recent ecosystem developments include decentralized elections (August 5) for DAO leadership and Shibarium’s expansion. Marketing lead Lucie claims a SHIB rally to $30B–$50B market cap would “lift all boats” for LEASH (CoinSpeaker).

What this means: LEASH lacks standalone utility – its 90-day correlation with SHIB is 0.82. While SHIB’s 300–600% growth target could spark speculative interest, LEASH’s $17.8M market cap makes it vulnerable to liquidity crunches during sell-offs.

3. Macro Meme Coin Headwinds (Bearish)

Overview: Meme coins underperform in neutral sentiment (Fear & Greed Index: 56) and high BTC dominance (57.69%). LEASH’s 24h volume ($1.68M) implies low liquidity (turnover 0.0945), amplifying volatility.

What this means: LEASH needs altseason momentum (CMC Altcoin Season Index: 48) to counter structural weaknesses. Historically, meme coins under $50M market cap struggle to recover after -75% annual declines (LEASH: -75.35% YoY).

Conclusion

LEASH’s path hinges on resolving its supply crisis via DAO action and riding SHIB’s coattails during risk-on markets. Traders should watch the v2 contract rollout timeline and SHIB’s ability to break its $8B resistance. Will the Shiba Army prioritize LEASH’s reboot, or will it remain a sidelined relic of the 2021 meme wave?