Shiba Inu's OG Stays Put: $SHIB Posts 22% Weekly Gain Before 6% Cool-Off 🐕

Shiba Inu's official account declared on X that "OG culture never left, neither did $SHIB," responding to crypto commentator David Gokhshtein, who said the token's recent price action had made him more bullish on a broader return of original meme coins. The exchange, dated July 26, 2026, framed the move as part of a wider shift rather than an isolated bounce, though Shibtoken's burn rate hit a six-month high earlier in the month without producing a sustained price reaction at the time.

$SHIB trades near $0.00000507, up close to 22% over the past week and nearly 19% over the past 30 days, according to BeInCrypto Markets data. The token has fallen 6.08% over the past 24 hours, with a market cap of $2.99 billion and a ranking of 31st among cryptocurrencies. $SHIB remains well below its all-time high of $0.00008616, set in October 2021.

The renewed attention follows a difficult stretch for the token. Trader James Wynn had dismissed $SHIB as dead roughly one month earlier, and on-chain data had recently pointed to weakening conditions across the meme coin sector. Meme coin dominance overall hit a two-year low as holders exited the category, a backdrop that has led some traders to question how long the latest social-media-driven rally can last.

Historically, meme coin rallies triggered by social posts have faded within days, and skepticism persists over whether this instance will prove different. Whether $SHIB can hold its recent gains is expected to depend on trading volume in the coming sessions.