OKX, the worldâs second-largest crypto exchange, has announced the delisting of LEASH, a key token in the Shiba Inu ecosystem. This raises doubts about LEASH's future and its role in the Shiba Inu space.
Key Details:
đč LEASH, launched in 2021 by Shiba Inuâs anonymous creator Ryoshi, was initially intended for buying land in the Shiba Inu metaverse and participating in the Shiboshis NFT collection presale.
đč Despite its intended use, OKX has decided to remove LEASH from the platform, along with five other cryptocurrencies, to maintain a robust trading environment and delist assets that no longer meet listing criteria.
Impact of the Delisting:
đž OKX held 24.78% of LEASHâs liquidity, amounting to around $576,000âa relatively small figure for a token listed on such a major exchange.
đž With Shiba Inuâs focus now shifting towards Shibarium and away from the metaverse and NFT projects, LEASHâs utility and future are now uncertain.
Why This Matters:
The delisting of LEASH signals a shift in Shiba Inuâs ecosystem priorities. While SHIB and BONE remain essential for Shibarium's growth, LEASH may face more challenges due to its diminishing relevance in the projectâs roadmap. This move could also impact other tokens within the Shiba Inu ecosystem.