Shiba Inu ecosystem tokens Bone and Leash have suffered devastating losses, falling nearly 100% from their all-time highs. While Shiba Inu itself remains down 93% from its peak, the broader ‘Trifecta’ is described as a loss-generating mill for investors. The article questions whether SHIB will follow the same path as its struggling ecosystem tokens, noting that meme coins like these have lost their shine in the current market.
The Shiba Inu ecosystem faces severe financial strain, with its key tokens suffering catastrophic declines. While Shiba Inu is down nearly 93% from its all-time high of $0.00008616, its ecosystem tokens, Bone and Leash, have plummeted by nearly 100%. Bone is down 99.6% from its ATH of $15.50, while Leash fell 100% from its ATH of $4,528.
The SHIB ‘Trifecta’ is now characterized as a loss-generating mill that is burning a hole in investors’ wallets. Bone token is currently trading at $0.057, and Leash is at $0.0000000009. Traders who bought Leash when it was above $1,000 and now see the price with nine zeroes must be the worst investors ever.
Cryptocurrencies, especially meme coins, lose their shine once they begin going south and remain there for a longer period. While SHIB is a household name in the crypto market, Bone and Leash are not, lacking the hype and buzz needed for recovery.
Shiba Inu is already halfway down the same road and stands at the crosshairs of Bone and Leash. Though SHIB’s brand value still remains strong and has visibility, the same is not reflected in the price, with every entry position having turned into a loss. This makes taking an entry position in Shiba Inu, including Bone and Leash, a risky affair according to the analysis.
