Shiba Inu Unveils LEASH V2 With Hard-Capped 107,000 Supply
Shiba Inu has launched LEASH V2, a fully audited token with a fixed supply of 107,000 tokens, replacing the original contract that unexpectedly inflated supply via a hidden rebase function. The LEASH V2 launch uses a burn-to-claim model based on the last trusted snapshot, ensuring no new minting or rebasing. The team is working with external auditors, exchanges, and will conduct testnets and bug bounties to support a smooth migration. LEASH V2 aims to restore community confidence and secure token scarcity, while SHIB and BONE remain unaffected. LEASH currently trades at $52.40, down 8% in the past 24 hours.
Neutral
The LEASH V2 launch addresses a critical supply inflation risk by introducing a hard-capped 107,000 token supply and a transparent burn-to-claim migration. This reduces long-term dilution concerns and may restore holder confidence. However, the immediate market reaction—a 8% price drop—reflects short-term selling pressure during token swaps. Similar token migrations (e.g., Yearn Finance’s V2) saw initial volatility followed by stabilization. Thus, while LEASH V2 strengthens scarcity and security, its short-term impact is neutral as traders adjust, with potential for future bullish momentum once migration completes.