Shiba Inu (SHIB)’s team said on X that “OG culture never left, neither did SHIB,” pointing to a fresh rally as proof the token still commands attention.

Crypto commentator David Gokhshtein sparked the exchange, arguing that early meme coins, often called “OG” (original gangster) projects in crypto slang, are regaining relevance across the market.

Shiba Inu’s Team Doubles Down Online

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.

Therefore, 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. Even so, the renewed rally suggests investor attention has returned, at least for now.

SHIB Rally Shows a Mixed Price Picture

Shiba Inu (SHIB) trades near $0.00000507. The token is still up close to 22% over the past week.

In contrast, SHIB remains nearly 19% higher over the past 30 days. This suggests the broader uptrend remains intact despite the recent dip.

However, the rally has cooled in the short term. SHIB has fallen 6.08% over the past 24 hours. Its market cap now sits at $2.99 billion, ranking 31st overall among cryptocurrencies. Traders can follow SHIB’s live price data as the pullback continues.

The token remains far below its all-time high of $0.00008616, set in October 2021. That gap underscores how far Shiba Inu would need to climb before OG sentiment turns into a lasting recovery.

OG Meme Coins Regain Attention

The renewed optimism follows a rough stretch for Shiba Inu. 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.

Historically, meme coin rallies triggered by social posts have faded within days. Some traders remain skeptical this one will prove different. Meanwhile, meme coin dominance overall hit a two-year low as holders exited the sector. That skepticism echoes a broader shift toward fundamentals-driven tokens across the market.

Still, the renewed attention marks a shift in tone for a token that many had written off. This development may indicate that market sentiment is moving back toward established names. Whether SHIB can hold its recent gains will likely depend on trading volume in the coming days.

Source: BeInCrypto