Is It Too Late to Buy Shiba Inu? SHIB Price Pumps Up After Developer Teases New 'Exclusive' Update and LPX Token Raises $1.2 Million
As Shiba Inu's Summer of Shibarium continues to gain traction ahead of the highly-anticipated Q3 Shibarium launch, SHIB is once again on the climb amid excitement around an upcoming new utility for sister-token LEASH holders.
Doge Killer (LEASH) token is an important cousin of SHIB, playing an important role in the Shiba Inu ecosystem as the native utility token for the ShibaSwap DEX.
And now in a teaser shared by Shytoshi Kusama - a leading SHIB developer - it has been revealed that this week will see two new updates to the LEASH token.
The first of which is an 'exclusive exclusive' in other words, an exclusive feature exclusively known to those with exclusive access (LEASH holders).
While the second update, tipped for Wednesday, will see an entirely new utility unleashed for LEASH.
As excitement builds around the nature of these surprise updates, price action for ecosystem native SHIB token has surged and price is undertaking an attractive uptick.
With markets bracing for the updates to LEASH token, SHIB is pushing high with price currently trading at $0.00001053 (a 24-hour change of +2.64%).
This comes amid a strong month for SHIB, which has climbed +24% since the start of August as markets brace for the Q3 Shibarium update - which will see the launch of a layer-2 scaling solution for the Shiba Inu ecosystem.
In a remarkable technical move, SHIB has ridden steadfast support from an ascendant 20DMA to reclaim key support from the 200DMA on August 11.
This is a significant milestone for rally structure, and a well-defended consolidation here (seemingly underway) leaves SHIB price poised to push up higher.
However, the RSI provides some cause for concern - overheating significantly on the recent upside move to a serious overbought
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