Latest Doge Killer (LEASH) Price Analysis

Deep Dive

1. Supply Inflation Shock (Bearish Impact)

Overview: On August 11, 10,765 new LEASH tokens (10% of supply) were minted via a “rebase pathway” in its contract, despite prior assurances that rebasing was disabled. This breach of trust triggered panic selling.

What this means: The supply increase dilutes existing holders’ value and raises centralization concerns. Developer Kaal Dhairya admitted the flaw and proposed a DAO vote to migrate to LEASH v2, but uncertainty persists.

What to watch: DAO governance progress – a swift transition to a non-rebase contract could stabilize sentiment, while delays may prolong selling.

2. Security Fears From Hacked Wallet (Bearish Impact)

Overview: A Shiba Inu Deployer wallet linked to LEASH was hacked on August 14, raising fears of scam token launches.

What this means: While developers clarified that critical systems are unaffected (U.Today), the incident eroded confidence in LEASH’s ecosystem security, amplifying sell-offs.

3. Technical Weakness (Mixed Impact)

Overview: LEASH trades at $33.11, below all key moving averages (7-day SMA: $34.05; 200-day EMA: $142.01). The RSI (26.87) suggests oversold conditions, but MACD remains bearish (-21.42 vs. -22.92 signal line).

What this means: Oversold signals hint at possible short-term rebounds, but the lack of support levels and high Fibonacci retracement targets ($59.92–$141.56) indicate sustained bearish pressure.

Conclusion

LEASH’s decline stems from a toxic mix of sudden supply inflation, security anxieties, and broken technical supports. While oversold conditions could invite volatility-driven bounces, lasting recovery likely hinges on the DAO resolving supply governance and restoring trust.

Key watch: Will the LEASH v2 proposal gain DAO approval by September 10, 2025, to eliminate rebase risks?

Deep Dive

1. Trust Repair Efforts (Mixed Impact)

Overview: On August 14, Shiba Inu developer Kaal Dhairya clarified that a compromised wallet linked to LEASH’s contract had no impact on critical systems, easing fears from a prior 10% supply inflation incident on August 11.

What this means: The clarification partially restored confidence after LEASH’s 30% price drop on August 12. However, the unresolved supply vulnerability (rebasing via legacy contracts) limits upside potential until a DAO-approved LEASH v2 launches.

What to look out for: DAO governance vote on migrating to LEASH v2, which would disable rebasing and lock supply.

2. Technical Rebound (Neutral Impact)

Overview: LEASH’s RSI-14 hit 24.61 on September 2, signaling extreme oversold conditions. The 24h bounce aligns with a pivot point at $33.95 and a MACD histogram uptick (-0.47 to -0.33).

What this means: Short-term traders likely capitalized on oversold signals, but the 30-day SMA ($90.50) remains a distant resistance. Volume remains thin ($1.03M), suggesting weak conviction.

Key level to watch: A sustained break above $38.82 (7-day SMA) could signal further recovery.

3. Altcoin Sentiment Shift (Bullish Impact)

Overview: The CMC Altcoin Season Index rose 6% in 24h to 53, reflecting capital rotation into smaller-cap tokens like LEASH.

What this means: LEASH’s 24h gain outpaced SHIB (+1.3%) and BONE (-0.8%), suggesting speculative interest in its depressed valuation ($25.3M market cap). However, its 30d decline (-78.3%) remains a caution flag.

Conclusion

LEASH’s minor rebound reflects oversold technicals and cautious optimism about supply fixes, but structural risks persist. Key watch: Can the DAO swiftly resolve supply concerns, or will fading momentum reignite selling pressure? Monitor the $38.82 SMA and governance updates.