Key Takeaways
- Shiba Inu’s Bone and Leash tokens have failed to regain their 2022 momentum, with both showing weak price action in 2025 amid broader struggles in the SHIB ecosystem.
- Without renewed utility, faster token burns, or a resurgence in SHIB’s price, the likelihood of Bone and Leash doubling in value remains low.
Shiba Inu’s ecosystem tokens—Bone and Leash—once dazzled investors with triple-digit gains, doubling in price twice during the bullish waves of 2022. In a remarkable run, Bone skyrocketed by 100% within just two weeks, jumping from $1.04 to $2.08. At the time, both tokens dominated crypto chatter, attracting a wave of retail investors eager for outsized returns.
However, the story in 2025 looks markedly different. Both Bone and Leash are languishing in the red, having shown little momentum or signs of recovery in the current market cycle. The key question now on investors’ minds: Can Bone and Leash rebound and deliver another round of impressive profits?
The Shadow of SHIB’s Struggles
At the heart of the issue is the broader Shiba Inu (SHIB) token itself. SHIB has faced mounting challenges amid market uncertainties, struggling to sustain positive momentum. Given that Bone and Leash are intrinsically linked to SHIB’s ecosystem performance, their prospects remain limited as long as SHIB itself remains subdued.
Although each token carries distinct utilities—Bone serves as the official gas for Shibarium, Shiba Inu’s layer-2 network, while Leash was previously used to purchase land in the SHIB Metaverse—their inability to independently generate buying interest is evident.
Weak Utility and Fading Interest
The SHIB Metaverse project, once highly anticipated, has all but vanished from mainstream crypto discourse. Leash’s role within that project has lost its relevance as global enthusiasm for the Metaverse has waned considerably.
Bone, on the other hand, still underpins Shibarium’s transactional activity. Yet, despite its central role, token burns remain sluggish, casting doubts over the token’s long-term deflationary potential. With a staggering 549 trillion SHIB still in circulation, the current burn rate is unlikely to make a meaningful dent in supply—a factor that weighs heavily on investor sentiment.
Also Read: SHIB Price Breakout Looms: Triangle and Pennant Patterns Signal 17% Rally Ahead
Can Bone and Leash Realistically Double Again?
Given the current landscape, the probability of Bone and Leash doubling in price anytime soon looks slim. The driving forces that once fueled their explosive growth—hype, strong community momentum, and speculative interest—have diminished significantly.
Unless SHIB itself regains bullish traction and renewed excitement returns to the ecosystem, Bone and Leash may continue to trade sideways. For now, the engine that once delivered stellar returns to early investors appears to be stalled.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
