OKX Delists LEASH Token From the Shiba Inu Ecosystem, Citing Low Liquidity

The world's second largest cryptocurrency exchange, OKX, has just announced that it will delist LEASH, a token from the Shiba Inu ecosystem.

Cryptocurrency exchange OKX has announced plans to delist LEASH, a token from the Shiba Inu ecosystem.

This token, along with SHIB and BONE, is a key part of the meme-inspired cryptocurrency's ecosystem.

For the uninitiated, LEASH was launched in 2021 by Ryoshi, the anonymous creator of Shiba Inu. From the outset, it was stated that the token would be used to purchase land in the metaverse project being built around the meme coin. Additionally, LEASH was used in the presale of Shiboshis, the Shiba Inu-themed NFT collection.

However, none of these factors mattered to the OKX team, which decided to remove the Shiba Inu token from its platform.

Along with five other cryptocurrencies that will be fondly remembered by those who entered the market years ago, LEASH was told to hit the bricks. The reason given for the delisting is to maintain a healthy spot trading environment and remove assets that do not meet the listing criteria.

any use for LEASH?

According to CoinMarketCap, the exchange was the largest market for LEASH in terms of liquidity, accounting for 24.78% of the token's total turnover.

However, in monetary terms, this amounted to only about $576,000 - a laughably small sum for the cryptocurrency market, especially for a listing on the second-largest platform that carried it.

It stands to reason that with the metaverse and NFT sector of the crypto market, the assets associated with it, and its corresponding utility, will be overlooked and delisted. Shiba Inu has not made much progress with its metaverse project, instead focusing more on Shibarium. Hence, it is no wonder what reputation LEASH has, as its prospects are, to say the least, very murky.