Today let's talk about SHIB (Shiba Inu coin).

Back in 2021, SHIB (Shiba Inu coin) suddenly became extremely popular, skyrocketing from a few cents to several dimes, making many people overnight millionaires. While everyone was shouting that the 'Dogecoin universe is about to take off', the project team took the opportunity to launch LEASH, branding it as a 'rare derivative coin of the SHIB ecosystem', claiming there were only over 100,000 in total, which was much rarer than SHIB, and it would definitely start at hundreds or thousands of times the value in the future.

At that time, I also jumped into their Telegram group and Discord, and the atmosphere was simply insane! Every day someone would post 'to the moon' and 'just go for it, don't miss SHIB, don't miss LEASH', and the project team would occasionally throw in small airdrops as bait, making the group feel like it was on adrenaline. New small investors looked on with eyes wide open. After all, the money-making effect of SHIB was right there, and everyone was afraid to miss out on the next 'overnight millionaire' opportunity, gripping their money tightly, rushing in like a swarm.

So what happened? Everyone knows.

LEASH had no real utility, nor any core technology; it was purely a hype-driven air coin riding on SHIB's popularity. The token was highly centralized from the start, with most held by the project team and early investors, while retail investors couldn't create any waves with their small amounts.

During that bull market for SHIB, the big players took the opportunity to raise LEASH's price from a few hundred dollars all the way to several thousand dollars, creating the illusion of 'ecological resonance and sustained surges'. By the time retail investors' emotions were fully ignited, FOMO peaked, and they leveraged their positions to jump in, the big players quietly started unloading their assets, mass-selling and crashing the market. The price directly halved from its peak, then halved again, dropping more than 90% in just a few days, and then remained flat for a long time, almost reaching zero.

So brothers, when looking at a project, you must look at its essence: Is there real demand? Is the team seriously working or just trying to make money? Is the token distribution healthy? Don’t always think about picking up the leftovers from others; many times that meat has already been poisoned.