A critical alert has been issued to the Shiba Inu community regarding a fake version of the LEASH token circulating on the Solana blockchain. Susbarium, a community trust and safety watchdog for the Shibarium ecosystem, has publicly warned investors that there is no official $LEASH token on Solana, and any such token is a scam designed to defraud unsuspecting victims.
Official Warning to the SHIB Army
In a recent post on X (formerly Twitter), Susbarium made it clear that any token claiming to be LEASH but not listed on the official Shiba Inu website is fraudulent. The watchdog account urged investors to “NOT engage with” these fake tokens and to always verify token information and contract addresses through Shiba Inu’s official portal.
This warning comes amid online posts and rumors suggesting that LEASH had expanded to the high-speed Solana network. However, the official Shiba Inu token portal confirms that LEASH remains deployed exclusively on the Ethereum blockchain as an ERC-20 token.
Understanding the Real LEASH Token
LEASH is the second token in the popular Shiba Inu ecosystem, which also includes SHIB, BONE, and TREAT. It was originally designed as a rebase token, with its price algorithmically pegged to the price of Dogecoin. This function was later disabled, and LEASH now operates as a standard token with a fixed supply.
Despite being a key part of the ecosystem, LEASH has a much smaller profile than its famous counterpart, SHIB. With a market capitalization of just over $9 million, LEASH currently ranks as the 1864th largest cryptocurrency on CoinGecko. The token has recently faced significant downward pressure, with its price falling over 17% in the last 24 hours to approximately $85.
A Frequent Target for Scammers
The immense popularity and dedicated community behind Shiba Inu—often called the “SHIB Army”—make its ecosystem a prime target for scams. Fraudsters frequently create counterfeit tokens, fake airdrops, and phishing websites aimed at stealing the assets of SHIB, BONE, LEASH, and TREAT holders.
SHIB remains the flagship token and the second-largest meme coin by market capitalization, giving the entire ecosystem a high level of visibility that bad actors seek to exploit. The recent attempt to launch a fake LEASH on Solana is just the latest example of this persistent threat.
To stay safe, investors are strongly advised to adhere to the following guidelines:
Always Verify: Cross-reference any news or token launch with information from Shiba Inu’s official website and social media channels.
Use Official Links: Never click on suspicious links. Access the official token portal directly to find correct contract addresses.
Be Skeptical: Question any claims of a token suddenly launching on a new chain, especially if it’s not announced by the core development team.
By remaining vigilant and relying only on official sources, investors can protect themselves from falling victim to these fraudulent schemes.
