A claim has been made that big meme coins such as Shiba Inu (SHIB) and Dogecoin (DOGE) need to regain strength for the broader meme coin market to pick up momentum.
The Crypto Basic, a blockchain media outlet, reported on Monday local time that cryptocurrency commentator David Gokhshtein recently pointed to what he called a contradiction in meme coin investors chasing only new names while belittling established leaders on X, formerly Twitter.
Gokhshtein said moves in big meme coins often shape the overall mood across the meme coin market. He added that a strong rise in leading names can spread across the broader meme coin ecosystem, and stressed that investors should look at how existing large assets affect sentiment rather than chasing only newly issued tokens.
He has expressed the same view before, including when Shiba Inu jumped about 40 percent in a single day in late July. At the time, he assessed that Shiba Inu's rebound could provide positive momentum not only to its holders but also to other existing meme coins.
He cited the weight of Dogecoin and Shiba Inu as a key basis. Gokhshtein noted that the two assets account for nearly half of the meme coin market's total market capitalisation. He said strength in those assets can boost investor confidence, attract fresh money and lift trading and attention across the sector.
The remarks came alongside a recent recovery in the cryptocurrency market. Major meme coins also joined the rebound. Shiba Inu rose 4.79 percent after climbing during intraday trading from $0.00000482 to $0.000005051, but later slipped back to around $0.00000495, below $0.000005, seen as a psychological resistance level, as selling pressure emerged. The market is watching whether the recovery will remain a short-term bounce or develop into a trend reversal.
Market analyst Bayron said Shiba Inu's short-term technical structure has not yet been damaged. He said it has gradually recovered from a recent low, formed a higher low and is consolidating just below a short-term resistance zone. Buying momentum has eased somewhat, but buyers are defending a key demand area, he said.
Bayron pointed to the $0.00000482 to $0.00000486 range as Shiba Inu's immediate support. He said buying has flowed steadily into that zone during each recent pullback. On the upside, he cited the $0.00000515 to $0.00000520 range as the next major resistance.
Attention is ultimately focused on whether Shiba Inu can hold short-term support and sustain the rebound in big meme coins. That is also the backdrop to Gokhshtein's question: "Why are you looking for the next Dogecoin, Shiba Inu, Pepe while ignoring the leaders?" He said a recovery in leading meme coin prices can spur sentiment across the broader meme coin sector beyond individual names.
The remarks again show that the meme coin market can be swayed more by price moves in existing large names than by the buzz around new tokens. With Shiba Inu and Dogecoin carrying heavy weight, whether the leaders rebound is serving as a gauge for market-wide sentiment and fund flows.
Everyone is looking for the next $DOGE, $SHIB or $PEPE while disrespecting $DOGE, $SHIB and $PEPE. How the fuck does that make any sense? The entire meme sector is better off when the biggest names in the space are moving.