Shiba Inu Team Says OG Culture Never Left as SHIB Gains 22% Weekly

The Shiba Inu (SHIB) team posted on X that 'OG culture never left, neither did SHIB,' responding to commentary about the token's recent price movement. Crypto commentator David Gokhshtein stated that SHIB's move over the past two days made him more bullish, arguing that early meme coins are regaining relevance across the market. The exchange reflects renewed attention on original meme coin projects as SHIB trades near $0.00000507 with gains of close to 22% over the past week.

Shiba Inu Team Responds to Rally Commentary on X

David Gokhshtein posted that SHIB's move over the past two days left him more bullish. He said the shift points to an OG revival across meme coins broadly. Gokhshtein explained his reasoning in the original post that prompted Shibtoken's reply: "Watching $SHIB move over the last two days has me even more bullish that the OG culture is making its way back to this industry. I also think this benefits the OG memes as a whole."

The Shiba Inu team replied on X, stating: "OG culture never left. Neither did $SHIB." The reply frames SHIB's move as part of a bigger shift rather than an isolated bounce.

Shiba Inu's burn rate hit a six-month high earlier this month, though the spike failed to move the price at the time.

SHIB Price Shows 22% Weekly Gain Amid Short-Term Pullback

Shiba Inu (SHIB) trades near $0.00000507. The token is up close to 22% over the past week. SHIB remains nearly 19% higher over the past 30 days.

The rally has cooled in the short term. SHIB has fallen 6.08% over the past 24 hours. Its market cap sits at $2.99 billion, ranking 31st overall among cryptocurrencies.

The token remains far below its all-time high of $0.00008616, set in October 2021.

Meme Coin Sector Sees Renewed Attention After Dominance Low

On-chain data had recently pointed to a sad reality for the token. Trader James Wynn had dismissed SHIB as dead only a month earlier.

Meme coin dominance overall hit a two-year low as holders exited the sector. The renewed attention marks a shift in tone for a token that many had written off.

FAQ

What did the Shiba Inu team say on X about SHIB?

The Shiba Inu team posted on X that "OG culture never left, neither did SHIB," responding to commentary about the token's recent price movement over the past two days.

How much has SHIB gained over the past week?

Shiba Inu (SHIB) is up close to 22% over the past week and nearly 19% higher over the past 30 days, though the token fell 6.08% over the past 24 hours.

What is SHIB's current market cap and ranking?

SHIB's market cap sits at $2.99 billion, ranking 31st overall among cryptocurrencies, while the token trades near $0.00000507.