Shiba Inu Developer Proposes LEASH v2 to Restore Trust After 10% Supply Increase

On August 12, 2025, the Shiba Inu (SHIB) ecosystem developer Kaal Dhairya addressed a recent 10% increase in the supply of the LEASH token, which had sparked significant concern among community members [1]. The supply of 10,765 additional LEASH tokens was created on August 11, 2025, contradicting prior assurances that the token supply was fixed [1]. This unexpected development led to accusations of broken trust and questions about the level of decentralization in the project.

Dhairya explained that the increase was the result of a “rebase pathway” embedded in the smart contracts, which allowed for supply modifications without requiring direct owner intervention [1]. This revelation challenged the perception of immutability within the SHIB ecosystem and intensified scrutiny over the governance model of the tokens. In response, Dhairya proposed a new version of the LEASH token—LEASH v2—which would aim to prevent future unauthorized supply changes [1].

The proposed LEASH v2 includes a governance-driven contract that would require votes from the LEASH decentralized autonomous organization (DAO) before any modifications could be made [1]. This move seeks to restore trust by shifting control over supply decisions to the community, rather than relying on a centralized mechanism. The community has responded with mixed reactions, with some members advocating for immediate action to implement the DAO voting process and prevent similar issues in other tokens within the SHIB ecosystem [1].

The situation highlights broader challenges within the meme coin and broader cryptocurrency space, where transparency and trust are critical factors in maintaining community engagement. As the SHIB ecosystem continues to grow, the introduction of LEASH v2 could serve as a model for other token projects to adopt more transparent governance structures [1].

Analysts have noted that while the proposed changes are unlikely to have an immediate impact on LEASH’s price, they may contribute to long-term stability and investor confidence [1]. Some short-term price predictions for LEASH suggest a marginal increase, with the token valued at $271.72 on August 11, 2025, and $271.76 on August 12, 2025 [3]. These figures are based on algorithmic forecasts and should not be interpreted as direct consequences of the supply changes or developer announcements [3].

The ongoing development of LEASH v2 reflects a growing demand within the crypto community for more verifiable data, clearer communication, and decentralized governance structures. The success of the proposed upgrade will largely depend on how effectively it addresses the concerns raised by the community and whether it aligns with evolving investor expectations [1].

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Source:

[1] Shiba Inu Developer Addresses LEASH Supply Increase and Proposes LEASH v2 Amid Community Concerns, (https://en.coinotag.com/shiba-inu-developer-addresses-leash-supply-increase-and-proposes-leash-v2-amid-community-concerns/)

[3] Doge Killer (LEASH) price Prediction, (https://www.bitget.com/price/doge-killer/price-prediction)